I have account in 2nd bank where there are FD whose Interest anuualy is less than INR 10,000/- (I think but not sure) with FD Interest payable on maturity... but the bank has not deducted TDS for FY 2012-2013, FY 2013-2014.....
I think the rules have changed and we need to pay TDS if Annual Interest on all FD exceedes INR 10,000/- per annum? Not that I only have FD in single branch of this Bank and total annual Interest from FD's in this bank is less than INR 10,000/-... Do they need to deduct TDS on FD interest anually?...As combining FD Interest from FD of second bank the annual Interest paid exceedes INR 10,000/- ....
CAclubindia
