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TDS

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(Querist)
10 February 2011 Section 194A
Bank deducted TDS @ 20% on interest on F.D.
Bank comment that the interest paid on F.D of Private Limited company is subject to 20% TDS is the bank is right as per section 194A
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
10 February 2011 Bank is wrong. TDS should be 10%
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Guest

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Guest (Expert)
10 February 2011 No, TDS @ 20% can not be deducted for any person.
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