Accumulated interest
This query is : Resolved
19 September 2014
if any accumulated bank of last few yrs interest exceeds Rs 10000 on FD in a particular bank then whether TDS will be deducted or not..??
19 September 2014
TDS will be deducted only if Interest from a particular Branch of Bank exceeds the threshold limit of Rs 10000/-.
If total of interest paid by different branch of same bank exceeds Rs 10000/- TDS not applicable. Reason being TAN is different for each branch.
If total of interest paid by different branch of same bank exceeds Rs 10000/- TDS not applicable. Reason being TAN is different for each branch.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Two pancard
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Transfer of MF
- Can we claim ITC in 28%
- Regarding E-invoice Generation
- TDS on Immovable property to an NRI
- How to correct Form 26QB
- TDS APPLICABILITIY
- Can we claim RCM ITC paid on Gst audit of earlier years,
- CA Final exam Form
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
