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tax dedut at source

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(Querist)
18 March 2008 Can a bank deduct t.d.s on interst on Fixed deposits held by a trust (registered u/s 12AA )like any other person?
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CA Pattanayak

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CA Pattanayak (Expert)
18 March 2008 Bank has to deduct TDS on Interest arising out of FD.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
19 March 2008 YES BANK IS LIABLE TO DEDUCT TDS
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