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TDS on SB A/c.

TDS 420 views 13 replies
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Audit Assistant
527 Points Posted on 27 October 2017
One of my friend have Savings Bank Account with Federal Bank Ltd.The bank credited Rs. 35,610 as interest during the FY 2017-18 and the bank deducted tax on interest u/s 194A.

My query is that is section 194A is applicable to SB A/c. interest?
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On 27 October 2017 at 19:09 Report
Replies (13)
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"Do the Right Thing...!!!"
128147 Points Posted on 27 October 2017

Yes...

TDS applicable.... If exceedig Rs. 10000 

463 Reply
On 27 October 2017 at 21:12
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asst
30 Points Posted on 27 October 2017
no, there is no provision of cutting tds on interest on s/b A/C
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On 27 October 2017 at 21:12
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Managing Partner at TAXounting
8742 Points Posted on 28 October 2017
As per me TDS not deducted on saving Bank interest

Note: Saving Bank interest is exempt upto Rs.10000 u/s 80TTA
31 Reply
On 28 October 2017 at 07:30
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"Do the Right Thing...!!!"
128147 Points Posted on 28 October 2017
Dear Mr Ashiwini Ballodia.,
Please go to refer Sec 194A....
463 Reply
On 28 October 2017 at 07:43
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Managing Partner at TAXounting
8742 Points Posted on 28 October 2017
Yes it can be deducted u/s 194A
31 Reply
On 28 October 2017 at 08:00
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"Do the Right Thing...!!!"
128147 Points Posted on 28 October 2017
Very Nice....
I appreciate you Dear Ashiwini Ballodia....
463 Reply
On 28 October 2017 at 08:24
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Managing Partner at TAXounting
8742 Points Posted on 28 October 2017
You should be appreciated because you has given the correct answer and I had given the worng answer
31 Reply
On 28 October 2017 at 08:30
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"Do the Right Thing...!!!"
128147 Points Posted on 28 October 2017
Can't understand this one....
463 Reply
On 28 October 2017 at 08:32
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Managing Partner at TAXounting
8742 Points Posted on 28 October 2017
Leave it Dear Raja P M Sir
31 Reply
On 28 October 2017 at 08:34
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Managing Partner at TAXounting
8742 Points Posted on 28 October 2017
Leave it Dear Raja P M Sir
31 Reply
On 28 October 2017 at 08:35
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AUDIT ASSISTANT
302 Points Posted on 30 October 2017
😂😂😂😂😂
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On 30 October 2017 at 20:11
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"Do the Right Thing...!!!"
128147 Points Posted on 30 October 2017
Mr Nishant Shah...

What you mean...??
463 Reply
On 30 October 2017 at 20:36
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AUDIT ASSISTANT
302 Points Posted on 30 October 2017
no just laughed at seeing cross compliment betn u and Ashwini sir
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On 30 October 2017 at 21:54


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