Tds by banks for term deposits

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2014 At present all banks are deducting Tax at source at the time of payment/credit of interest on term deposit.The form 16A issued by the banks does not contain details of tax deducted depositwise in the case of multiple deposits with the same .This causes considerable hardship to depositors.
how to avoid this problem

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

30 January 2014 Request the bank to provide you with a detailed interest certificate. Int on all deposit accounts will be mentioned in the certificate.

Then you can calculate TDS @ 10% on the interest amount.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

nitin

CA K GIRIDHAR

raval umesh

Suvigya Tiwari

Subscribe Now

Tds by banks for term deposits

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Senior Executive

Manager- Finance and Compliance

GST CONSULTANCY