I am a State Govt Gazetted officer. I have deposited my PF withdrawal amount in bank (SBT) as Fixed deposit. Since this PF withdrawal amount was already considered in arriving my income tax before its withdrawal under 80C, whether this Fixed deposit is liable to TDS by bank? If I submit 15 G form would I get exemption from TDS? Experts may please advice.
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Tds on fd made using pf withdrawal
Replies (1)
There is liablility to deduct tax on fixed deposit, if it exceeds Rs 10,000, u/s 194A
Yes, you will get exemption from TDS on filing of form 15G
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