Tds on interest on fixed deposit.
Prajakta Potdar (Chief Accountant) (142 Points)
04 July 2022Prajakta Potdar (Chief Accountant) (142 Points)
04 July 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 04 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 04 July 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 04 July 2022
As per section 194 A , Interest from Bank Co-Op Society, Post office limit is 40000/( Forty thousand) in Other cases limit is 5000/- (Five thousand) . please refer section 194 A .
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 04 July 2022
No tax is required to be deducted if aggregate amount of interest credited or paid to the payee in respect of time deposit during the financial year doesn’t exceed 40,000 (in case of senior citizen limit is 50,000)
Mahesh Shah
(2299 Points)
Replied 04 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 07 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 07 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 10 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 10 July 2022
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