TDS on small deposits with postal dept.

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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...!!!!!
 
 
 
 
 
 
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On 19 June 2011 at 15:08 Report
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glidor@gmail.com
21670 Points Posted on 19 June 2011

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.

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On 19 June 2011 at 15:56
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Learner
1263 Points Posted on 19 June 2011

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

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On 19 June 2011 at 16:23
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CA IN PRACTICE
14247 Points Posted on 19 June 2011

agreed with above experts

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On 19 June 2011 at 18:05

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