Senior Management
48 Points
Joined June 2009
This is a query on TDS deductible if a depositor makes a withdrawal(partial/full). Post office says that TDS would be @ 20% of the withdrawal amount. Should it not be on the interest amount paid during the financial year? What is the correct position?. In case one has accounted the Interest paid in each FY, and paid Tax, would this be an anamoly?