Is there tds liability arise?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2013
Sir if a person open 3 or 4 fd accounts in same branch to avoid tds deduction on interest.....we consider aggregate interest on all fd or take seperate interest on each fd for tds purpose?
CMA Ramesh Krishnan
(Expert)
28 July 2013
TDS is threshold limit is on person and the PAN . so bankers considered as signle PAN and if the interest is exceeding Rs.5000 then start deduct TDS without considering the number of fixed deposits
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