Saving bank interest
This query is : Resolved
25 July 2015
whether TDS is deducted on interest received from saving account?
25 July 2015
No TDS deducted on savings account interest.
25 July 2015
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 See 4 (d) from below link--
https://incometaxindia.gov.in/Communications/Circular/910110000000000662.htm
Please Refer:
Circular No 617 Dated: 22/11/1991.
Sec 194A not applicable on Savings Bank Interest.
Please See 4 (d) from below link--
https://incometaxindia.gov.in/Communications/Circular/910110000000000662.htm
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