Tds on fdr
This query is : Resolved
12 July 2012
Dear Sir,
I want to know that when will bank deduct tds on fdr ,i.e. its deducted on mature of fd and is it deducted on above rs. 10000p.a.
I want to know that when will bank deduct tds on fdr ,i.e. its deducted on mature of fd and is it deducted on above rs. 10000p.a.
12 July 2012
1. TDS on interest on FDR is dealt with Section 194A.
2. As per Section 194A TDS is required to be deducted if the amount of interest during the year exceeds Rs. 10,000.
3. TDS is deducted on a monthly basis on accrual basis and NOT at the time of maturity.
2. As per Section 194A TDS is required to be deducted if the amount of interest during the year exceeds Rs. 10,000.
3. TDS is deducted on a monthly basis on accrual basis and NOT at the time of maturity.
12 July 2012
agree with siddhartha.
but limit of tds on fd Rs 10000 per bank branch.
but limit of tds on fd Rs 10000 per bank branch.
12 July 2012
Mr.Kartik,
TDS is not deducted at the time of maturity but it is deducted accoridng to the scheme of the FD.
If it is monthly compounding then monthly, quarterly compounding then quarterly or if it is yearly then yearly TDS is deducted.
TDS is not deducted at the time of maturity but it is deducted accoridng to the scheme of the FD.
If it is monthly compounding then monthly, quarterly compounding then quarterly or if it is yearly then yearly TDS is deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- Fixe term employment
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
