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TDS 194A

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31 Points Joined December 2020
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😊😊
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On 01 June 2021 at 21:40 Report
Replies (5)
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Chartered Accountant
24588 Points Joined November 2019
No TDS will not be applicable as interest from both the banks are less than 40000 rupees
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On 01 June 2021 at 21:45
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Learner
2398 Points Joined May 2019
No, 194 A won't be applicable as limit has been increase to 40k. here 30k per bank hence no TDS.
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On 02 June 2021 at 06:22
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2742 Points Joined October 2018
No tds will not be deducted
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On 02 June 2021 at 08:06
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132 Points Joined May 2021
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.
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On 02 June 2021 at 09:23
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CA
2141 Points Joined March 2014

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 .

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On 02 June 2021 at 14:21

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