TDS-Interest-FormG-Limit before or after Deductions ?
This query is : Resolved
K V Subba Rao
(Querist)
31 December 2008
Please clarify the following relating to submission by a "Junior Citizen", that is, a person who has not completed 65 years of age of Form-G to prevent TDS by Bank from Interest chargeable u/s 194-A
Whether "Total Income" is BEFORE or AFTER considering Deductions u/s 80-C etc
Whether "Total Income" is BEFORE or AFTER considering Deductions u/s 80-C etc
31 December 2008
From a reading of section 197A I understand that the total income for the referred purpose is after considering deduction u/s 80C.
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