Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Tds certificate

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2013 I HEREBY AUTHORISE YOU TO PAY OR CREDIT INTEREST OTHER THAN INTEREST ON SECURITIES TO A RESIDENT UPTO RS. 407000 AFTER DEDUCTING INCOME TAX AT THE RATE OF 0% (EXCLUDING EDUCATION CESS/SURCHARGE AS APPLICABLE)TO OR,AS THE CASE MAY BE TO THE ACCOUNT OF "MAHAVIR SWAMI JAIN DERASAR WHOSE DETAILS ARE AS BELOW

MY QUESTION RELATED ABOVE PARAGRAPH SO PLS HELP ME

1 ) UPTO RS. 407000 DEDUCTED TDS @10% OR 0% ON BANK FD INTEREST

@VaibhavJ

@VaibhavJ (Expert)
Follow

21 December 2013 Hi

I guess its extract of Form 15H, lower deduction of TDS.

You are not required to deduct TDS on Interest paid upto the said amount.

Thanks//VaibhavJ

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!