New tds 14%
This query is : Resolved
Rushikesh Kangle
(Querist)
09 June 2015
as per new amendment TDS should be deducted on deposits interest only above 10000
1.if I deposited sum of rs. in Oct for 13 months & I will receive the interest of rs. 11000
- bank will deducted TDs or not?
- if yes then @ what time on maturity or march end
- if on march then which amount is able to deduct TDs either up to march interest or whole interest?
JUGAL PATEL
(Expert)
09 June 2015
Yes TDS will be deducted on the Interest credited as per bank norms
09 June 2015
tds will be deducted once the threshold limit of 10,000 is crossed.
Rupesh Jain
(Expert)
09 June 2015
TDS WILL BE DEDCTED IF YOUR INTT IN FINANCIAL YEAR ABOVE RS. 10000/-
INTT WILL BE CALCUALTED FROM FDR TO 31.3.20... I FINTT ABOVE RS. 10000/- THEN TDS WILL BE DEDUCTED BY ABNK.
INTT WILL BE CALCUALTED FROM FDR TO 31.3.20... I FINTT ABOVE RS. 10000/- THEN TDS WILL BE DEDUCTED BY ABNK.
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