Regarding tds on stdr
This query is : Resolved
sumit chaturvedi
(Querist)
30 January 2014
My source of income is agriculture.
I`ve made a fixed deposit of rs 20,00,000 @ 9 % for 5 years.
Will there be a tds on the interest, even after submiting form 15G?
If yes, what will be amount of tds?
I`ve made a fixed deposit of rs 20,00,000 @ 9 % for 5 years.
Will there be a tds on the interest, even after submiting form 15G?
If yes, what will be amount of tds?
30 January 2014
Hi
Total annual Interest is Rs. 1.8 lac which is below tax limit hence no TDS will be deducted.
Thx
Total annual Interest is Rs. 1.8 lac which is below tax limit hence no TDS will be deducted.
Thx
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sumit chaturvedi
(Querist)
30 January 2014
If i will deposit 24,00,000 lacs instead of 20,00,000 lacs then what will amount of TDS after submitting form 15g???
30 January 2014
Hi
You can submit 15G only if your taxable income before any exemption is less than thresh hold limit of Rs. 2 lac.
Thx
You can submit 15G only if your taxable income before any exemption is less than thresh hold limit of Rs. 2 lac.
Thx
Message likes :
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30 January 2014
If you deposit Rs. 24 lac now, for current FY your taxable income will be below 2 lac & no TDS will be deducted.
But in next FY your income will be taxable & you wont be able to submit form 15G.
Thx
But in next FY your income will be taxable & you wont be able to submit form 15G.
Thx
sumit chaturvedi
(Querist)
30 January 2014
thank u so much sir!
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