Tds on interest on fd accounts in two different banks
This query is : Resolved
04 August 2012
whether interest on fd of two diff banks are consifered for tds deduction?
04 August 2012
the only liability of bank is to deduct TDS on FRs with their own branch even if same person have FDs in two branches of same bank in same locality.
04 August 2012
Agreed with the reply
Guest
Guest
(Expert)
17 August 2012
tds on interest is counted branchwise and not bankwise.
total interest on term deposits (in one or more accounts) (excluding recurring deposits) in a branch of the bank is liable to tds.
At present if your interest on term deposits is > 10000/- in any one branch, tds will be deducted.
total interest on term deposits (in one or more accounts) (excluding recurring deposits) in a branch of the bank is liable to tds.
At present if your interest on term deposits is > 10000/- in any one branch, tds will be deducted.
08 October 2021
Recently all the branches have been integrated for any single bank.
So, if the interest exceeds in FDs of all the branches of any single bank, then TDS gets deducted.
So, if the interest exceeds in FDs of all the branches of any single bank, then TDS gets deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
