Accumulated interest

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sumit kangsa banik (Querist)
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19 September 2014 if any accumulated bank of last few yrs interest exceeds Rs 10000 on FD in a particular bank then whether TDS will be deducted or not..??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 September 2014 TDS will be deducted only if Interest from a particular Branch of Bank exceeds the threshold limit of Rs 10000/-.

If total of interest paid by different branch of same bank exceeds Rs 10000/- TDS not applicable. Reason being TAN is different for each branch.

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