tds

This query is : Resolved 

10 June 2011 hi
sir my query is that if PAN no not quouted in Bank and interest of fd less than 10000/- in this case TDS is applicable or not . plz clear.

10 June 2011 Where Interest amount is less than 10000/- banks are not required to deduct TDS and such PAN No is not required.

However, at the time of opening account according to KYC norms , PAN no of the customer is obtained by them.

10 June 2011 NO IF THE AMOUNT OF INTEREST PAYABLE BY BANK IS LESS THAN RS.10000,NO TDS WILL BE DEDUCTED WHETHER PAN IS FURNISHED OR NOT.....




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