Tds certificate

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Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2013 I HEREBY AUTHORISE YOU TO PAY OR CREDIT INTEREST OTHER THAN INTEREST ON SECURITIES TO A RESIDENT UPTO RS. 407000 AFTER DEDUCTING INCOME TAX AT THE RATE OF 0% (EXCLUDING EDUCATION CESS/SURCHARGE AS APPLICABLE)TO OR,AS THE CASE MAY BE TO THE ACCOUNT OF "MAHAVIR SWAMI JAIN DERASAR WHOSE DETAILS ARE AS BELOW

MY QUESTION RELATED ABOVE PARAGRAPH SO PLS HELP ME

1 ) UPTO RS. 407000 DEDUCTED TDS @10% OR 0% ON BANK FD INTEREST

@VaibhavJ

@VaibhavJ (Expert)
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21 December 2013 Hi

I guess its extract of Form 15H, lower deduction of TDS.

You are not required to deduct TDS on Interest paid upto the said amount.

Thanks//VaibhavJ