tds
This query is : Resolved
09 June 2011
sir
i have a fixed deposit in union bank of india amount 106000/- @ 6% per annum for one year . i have not pan card , the bank deducted my tds on interest amout $@20% , tell me they deducted tds on that interest amount right or wrong because accourding to my knowledge no tds is applicable if interst amount is less than 10000/- here interest amount is less than 10000/-
regards
i have a fixed deposit in union bank of india amount 106000/- @ 6% per annum for one year . i have not pan card , the bank deducted my tds on interest amout $@20% , tell me they deducted tds on that interest amount right or wrong because accourding to my knowledge no tds is applicable if interst amount is less than 10000/- here interest amount is less than 10000/-
regards
09 June 2011
Yes. agree.. they have the guidelines for not deducting TDS on interest below 10000/-.
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