TDS
This query is : Resolved
10 February 2011
Section 194A
Bank deducted TDS @ 20% on interest on F.D.
Bank comment that the interest paid on F.D of Private Limited company is subject to 20% TDS is the bank is right as per section 194A
Bank deducted TDS @ 20% on interest on F.D.
Bank comment that the interest paid on F.D of Private Limited company is subject to 20% TDS is the bank is right as per section 194A
10 February 2011
Bank is wrong. TDS should be 10%
Guest
Guest
(Expert)
10 February 2011
No, TDS @ 20% can not be deducted for any person.
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