Can TDS be Deducted ?
This query is : Resolved
29 July 2010
If the interest on the amount deposited in a savings accounts exceeds more than say 50000/- or even more then tds on interest by banks can be deducted or not ?
if tds is applicable then under which section ?
if tds is applicable then under which section ?
29 July 2010
Generally banks are not deducting TDS on interest on savings accounts.
29 July 2010
No TDS on interest from bank on savings Bank a/c - circular no 617 dated 22.11.1991.
this is applicable only for residents. for non residents banks do deduct TDS on NRO a/c
this is applicable only for residents. for non residents banks do deduct TDS on NRO a/c
29 July 2010
Agree.. Banks don't deduct TDS in savings bank account. You have to add this income in your ITR .
29 July 2010
AGREED WITH EXPERTS.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- STCG FOR GOLD ETFs
- Small dealers gst returns filing
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
