Tds on fixed deposit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2012 Hi Sir,

I have a one query. whether TDS on Fixed deosit by govenrament organisation to be deducted or not.

pls most urgent sir

CA PARAS BAFNA (Expert)
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04 February 2012 It is to be deducted.

B Ravi Kumar ACMA, MBA, M Com (Expert)
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04 February 2012 If interest is crossing threshold limit then you need to recover TDS.

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