TDS of FDR Int.
This query is : Resolved
Shiv om Jindal
(Querist)
30 December 2008
If the TDS is not deducted on int. on FDR for the first two quarters as the threshold limit was not exceeded, whether the TDS on int. is subsequent quarters when the exemption limit is exceeded should be deducted including the earlier escaped amount of interest.
CA R N Mohil
(Expert)
30 December 2008
yes
31 December 2008
Section 194A says as and when the aggregate sums payable during the financial year exceeds Rs 10000/- tax is to be deducted on the entire amount.
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