TDS on small deposits with postal dept.

TDS / TCS 559 views 3 replies

yesterday or day before yesterday there was a news - that the CBDT has issued a notfn. that the TDS is being imposed on savings a/cs with post offices drawing >3,500 inteest individually.
 
now my ? is can CBDT impose  fresh taxes or is it only the parliament...!!!!!
 
 
 
 
 
 
Replies (3)

TDS rules were well old, post office was under the tax net but not implimented dut to political pressure, now the cbdt has extended hands to post office savings also.

and for joint holders, limit is 7,000/-

agreed with above experts


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