Tds

This query is : Resolved 

07 August 2014 What is the TDS deduction provision on bank account (Saving and swip) interest.

07 August 2014 on savings int there is no tds applicable........

07 August 2014 No TDS is applicable on that.

07 August 2014 No TDS is applicable on that.

07 August 2014 intt on saving a/c balance is nothing but on sweep a/c is FDR a/c if your intt cross the limit then TDS will be deducted by the bank.

08 August 2014 as long as it is not a recurring deposit, TDS is applicable under section 194A once the interest payment exceeds Rs 10,000/-



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