Tds on fd interest
This query is : Resolved
21 October 2013
I had made 4 FD in two bank suppose in HDFC & ICICI.
Interest from HDFC is Rs.7500/-
Interest from ICICI is Rs.3500/-
as total Interest on FD is Rs.11000/-. Is tds is applicable on total interest or limit of Rs.10000/- per bank.
Pls reply.
Interest from HDFC is Rs.7500/-
Interest from ICICI is Rs.3500/-
as total Interest on FD is Rs.11000/-. Is tds is applicable on total interest or limit of Rs.10000/- per bank.
Pls reply.
21 October 2013
Hi
This is not applicable of FD int. but savings bank interest.
So int on FD is 100% taxable under Income from Other Sources.
Thanks//VaibhavJ
This is not applicable of FD int. but savings bank interest.
So int on FD is 100% taxable under Income from Other Sources.
Thanks//VaibhavJ
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