Can TDS be Deducted ?
This query is : Resolved
29 July 2010
If the interest on the amount deposited in a savings accounts exceeds more than say 50000/- or even more then tds on interest by banks can be deducted or not ?
if tds is applicable then under which section ?
if tds is applicable then under which section ?
29 July 2010
Generally banks are not deducting TDS on interest on savings accounts.
29 July 2010
No TDS on interest from bank on savings Bank a/c - circular no 617 dated 22.11.1991.
this is applicable only for residents. for non residents banks do deduct TDS on NRO a/c
this is applicable only for residents. for non residents banks do deduct TDS on NRO a/c
29 July 2010
Agree.. Banks don't deduct TDS in savings bank account. You have to add this income in your ITR .
29 July 2010
AGREED WITH EXPERTS.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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 einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
