Tds deduction on fixed deposit interest

hello sir,


i want to know that can a bank can adjust tds amount with principal of fixed deposit with the statment that your fd interest is credited in saving account that why bank adjust the tds amount from principal of fd.
Replies (2)
Quick Summary
This discussion addresses concerns about banks deducting Tax Deducted at Source (TDS) from the principal amount of a Fixed Deposit (FD) when the interest is credited to a savings account. While it's generally not permissible for banks to deduct TDS from the principal, some users have experienced this. The thread seeks advice on how to handle such situations and understand the bank's reasoning.

No it's not possible
Same is happened with me. Can someone suggest me what should I do

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register