Tds on fd intrerest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2018 Dear experts,

I have a pvt ltd company. our current account having a fd which is going to mature on 25th sept, 2019. The interest on fd is 29352/- which seems to be tds chargable. Can I submit any declaration to bank requesting not to deduct any tds on interest? please advice.

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2018 sorry matured date is 25th spet, 2018

Gokul Sharma

Gokul Sharma (Expert)
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05 September 2018 IS FD IN THE NAME OF COMPANY ??

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Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2018 yes fd in the name of company

Gokul Sharma

Gokul Sharma (Expert)
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05 September 2018 you can get no deduction/lower rate deduction certificate from commissioner of income tax and submit to bank.

or you can adjust the tds deducted from the income tax liability of your company or can claimed refund if no tax liability.

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2018 thanks expert..
I will go with you of your second choice..

Gokul Sharma

Gokul Sharma (Expert)
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05 September 2018 good decision ..................