Tds u/s 194a on savings bank interest


This query is : Resolved 

15 May 2013 Dear All,

My query is that whether TDS shall be deducted on interest paid by the bank in the savings account, if it exceeds Rs 10,000/- per annum...u/s 194A

If No, whether there is any clarification or circular or notification to that effect...

Please quide......

Thanks

04 July 2013 Yes. tds u/s,194A will attract savings banks interest also if exceeds Rs.10000/-


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