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TDS on FD interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2010 Can we deduct the TDS on FD interest against total tax liablity.

10 July 2010 NO. ONLY @ PRESCRIBED RATES.

10 July 2010 If the assessee has offered income/loss under more than one head, and the FD interest is also offered for taxation, then TDS on interest can be deducted from the total tax liability.

10 July 2010 if FD interest is declared in the return then the TDS deducted can be claimed from the tax liability.


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