Easy Office

Tds on interest by bank

This query is : Open 
Profile Image

Profile Image

(Querist)
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?
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
16 August 2012 TDS is NOT applicable on interest on savings bank account.

It is applicable only on FD interest.
Profile Image

Hemant Kumar

Profile Image

Hemant Kumar (Expert)
16 August 2012 TDS Deductible only on FD interest under section 194A and its thereshold limit is 10000/-.



Profile Image

Guest

Profile Image

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links