Is tds deductable on savings bank interest
This query is : Resolved
07 December 2011
Is TDS deductible on Interest on amount kept in Savings Bank A/c
07 December 2011
Yes TDS is deductible on saving bank interest if the total interest during the period exceeds Rs. 10,000/-
07 December 2011
TDS deduction is not attracted on Savings Bank Account Interest.
Please Refer:
Circular No 617 Dated: 22/11/1991.
Sec 194A not applicable on Savings Bank Interest.
Please refer below link--
https://incometaxindia.gov.in/Communications/Circular/910110000000000662.htm
See 4 (d)
Please Refer:
Circular No 617 Dated: 22/11/1991.
Sec 194A not applicable on Savings Bank Interest.
Please refer below link--
https://incometaxindia.gov.in/Communications/Circular/910110000000000662.htm
See 4 (d)
Message likes :
1 times
07 December 2011
yes, tds is not deducted on saving bank account interest.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- DIN reactivation
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
