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?
tds @ 10% will be deducted on intt amt where pan is given.... but where pan details are not given then tds @ 20% will be deducted on amt paid and not on just intt.
Leave a Reply
Your are not logged in . Please login to post replies
CAclubindia
