fd interest of sbi- 30k
fd interest of yes bank-30k
as these are different banks
will tds us 194a applies @ 10%
THANKS IN ADVANCE😊😊
Menu
TDS 194A
Replies (5)
Quick Summary
No TDS will not be applicable as interest from both the banks are less than 40000 rupees
No, 194 A won't be applicable as limit has been increase to 40k. here 30k per bank hence no TDS.
No tds will not be deducted
No tds will be deducted since interest received on fd from different bank and amount of interest is less than 40000 .Tds will be deducted on interest more than 40000 and 50000(senior citizens). prescribed under sec194A.
TDS U/S 194A will be applicable if the interest on the Fixed Deposit crosses a threshold specified by tax laws. Currently, this threshold is Rs 50,000 for senior citizens and Rs 40,000 for non-seniors .
Recent Topics :
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
Related Topics :
CAclubindia
