tds on interest on security deposite by railway


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 a electricity co. has security amount from railway in its electriciy connection.interest is givan on this security to the railway.is railway is exempted from tax on interest.if not how much tds will be deducted from interest

17 March 2010 Railway is govt company so TDS not applicable

17 March 2010 Agree with Mr.Ramesh

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2010 thanks both of u


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