194A
This query is : Open
12 October 2017
Is saving bank interest liable to TDS if it exceeds Rs. 10,000 per annum as per section 194A?
12 October 2017
No TDS is applicable on Interest from SB accounts
12 October 2017
Agree with Srinivas Sir.
TDS not deducted on SB interest even if interest exceed Rs.10000/-
12 October 2017
TDS not deducted on interest received from saving a/c
13 October 2017
it is DUTY BOUND by ALL banks, including PSU banks and Cooperative banks, to DEDUCT TDS on interest in Savings bank account , ..if -n-if INTEREST component of INTEREST > exceeds THRESHOLD limit of Rs.10000 on .at the same time PRIVATE BANKS ( read YES BANK) scrupulously follow it ( -deducts (@10% being PAN holder) to the same and issues TDS certificate)
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13 October 2017
thank u S S Dahale#
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