Tds u/s 194a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2011
sir,
Please tell me the procedure for the deduction of TDS on the Interest on bank FDR's.
Please confirm me also whether the limit of Rs. 10,000 extend to the whole bank or for the single branch of a bank.
Please tell me the procedure for the deduction of TDS on the Interest on bank FDR's.
Please confirm me also whether the limit of Rs. 10,000 extend to the whole bank or for the single branch of a bank.
04 December 2011
As per sec 194A if you get interest on FDR.then bank is required to deduct TDS at the rate of 10%....limit of RS. 10000 extends to single branch.
1.if you have diffrent FDRs in same branch then limit of rs. 10000 applicable to this branch.branch required to deduct tds if interest from FDR more than 10000.
2. if you have diffrent FDR's in diffrent branch then each branch has limit of Rs.10000.
1.if you have diffrent FDRs in same branch then limit of rs. 10000 applicable to this branch.branch required to deduct tds if interest from FDR more than 10000.
2. if you have diffrent FDR's in diffrent branch then each branch has limit of Rs.10000.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2011
sir,
If upto the mid of the year the total of FDR interest becomes 8000.00 and FDR's are going to mature on the january of the year, is it require to deduct TDS by the banks?
If upto the mid of the year the total of FDR interest becomes 8000.00 and FDR's are going to mature on the january of the year, is it require to deduct TDS by the banks?
04 December 2011
No bank not required to deduct TDS in above case....alternatively you can file form 15G in case you have income less than exemption slab applicable to assessse for no deduction of TDS
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
