TDS on Post Office Time Deposit

amit (fdf) (59 Points)

17 February 2020  

 

iam planning to invest in Post office time deposit but i find lot of confusion on the TDS point. 

A) There is lot of conflicting information and there is no clarity whether TDS is applicable on Post office time deposit?

B) If TDS is applicable on Time deposit who will issue the form 16A ? Local post office or head post office?

I did lot of research and found bits & pieces of information that postal department do not file tds returns on time and it is difficult to claim the tax deducted, also the India Post website has no information on tds.