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Sec 80 tta

This query is : Resolved 
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(Querist)
05 January 2013 A PERSON IS GETTING SAVING A/C INTEREST OF 18000 IN A YEAR , UPTO 10000 HE WILL GET DEDUCTION U/S 80TTA?
NOW I WANT TO ASK WHETHER TDS WILL BE DEDUCTED ON 18000
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
05 January 2013 TDS IS DEDUCTIBLE WHEN THE INTEREST IS BEING RECEIVED FROM A SINGLE BANK. IN CASE YOU ARE HAVING MULTIPLE ACCOUNTS AND NOT FROM A SINGLE BANK YOU RECEIVE INTEREST ABOVE RS. 10000/- TDS MAY NOT BE DEDUCTED.
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