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.
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.
CAclubindia
