koteshwar rao (2 Points)
09 March 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14870 Points)
Replied 09 March 2019
TDS will be deducted @ 10% under section 194 A of the income tax act 1961 , Threshold limit is 5000/- for other than banking company .
Arpit Khosla
(student)
(288 Points)
Replied 09 March 2019
Yes, in addition to above; the interest income will be added to his other incomes and will be taxed at slab rate.
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 10 March 2019
CAclubindia
