banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 April 2014 Section 194A states that tax need not be deducted at source if the interest arises on deposits OTHER than term deposits. For this purpose, term deposit includes recurring deposit right? and tds will be deducted?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
21 April 2014 no. term deposits don't include recurring deposit and no tds is applicable on recurring deposits.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 April 2014 term deposit not cover recurring deposit.
hence tds on recurring deposit interest not deductible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details