Tds on interest by bank
This query is : Open
15 August 2012
Whether tds for a fy is deducted from interedt recd from both savings acc balance and fdr if cumulatively exceeds rs.10000?
16 August 2012
TDS is NOT applicable on interest on savings bank account.
It is applicable only on FD interest.
It is applicable only on FD interest.
Hemant Kumar
(Expert)
16 August 2012
TDS Deductible only on FD interest under section 194A and its thereshold limit is 10000/-.
Guest
Guest
(Expert)
16 August 2012
TDS LIMIT RS 10000/- IS ONLY FOR TERM DEPOSITS i.e. FIXED DEPOSITS EXCLUDING RECURRING DEPOSITS.
THIS LIMIT OF RS 10000/- IS BRANCHWISE,
NOT BANKWISE.
THIS LIMIT OF RS 10000/- IS BRANCHWISE,
NOT BANKWISE.
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