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

10 February 2011 Bank is wrong. TDS should be 10%

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10 February 2011 No, TDS @ 20% can not be deducted for any person.


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