requirment of deduction of tds on pension paid by bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2010
In the case of pension payment by bank to non-employee ,Is than any requirment on the side of bank to deduct TDs on that amount.
26 March 2010
NO.
CMA Ramesh Krishnan
(Expert)
26 March 2010
but as per CBDT circular No.1/2010 dt:11.1.2010. Banker needs to deduct tds on pension based on the sec.192
CA Ravi Sisodia
(Expert)
26 March 2010
Agree with CMA Ramesh.
CA Archana
(Expert)
27 March 2010
Yes banker's need to deduct TDS unless the payee produces the certificate of not coming under the taxable limits.
CA Ashok Kumar Sahu
(Expert)
27 March 2010
agree with expert
CMA Arif Farooqui
(Expert)
28 March 2010
agree with expert
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