Tds on interest on banks recurring deposits
This query is : Resolved
karnam bhaskaran
(Querist)
01 June 2015
Whether Banks have to deduct TDS on interest paid/accrued interest credited on Recurring Deposits from FY 2015-16? Till FY 2014-15 Banks are not deducting TDS on "Interest on Recurring Deposits A/cs"
CA R SEETHARAMAN
(Expert)
01 June 2015
From 01-06-2015 TDS applicable on interest payment on RD.
Amol S Joglekar
(Expert)
01 June 2015
TDS is very well applicable on Recurring Deposits as well.
CA R SEETHARAMAN
(Expert)
01 June 2015
Earlier there is no TDS on RD.
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