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
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. .