CA Day celebration 2024 Easy Office
LCI Learning

Tds on cliam amount from railway

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 March 2014 Amount received from railway as accidental cliam and deposited into the bank as 'Fixed Deposit' on the name of minor and it will be matured when minor attening the age of 21. whether intrest income accrued on this minor FD amount will be liable to tds. please give me your valuable suggestion.....

16 March 2014 Yes TDS to be deducted if INTEREST ON FD(i.e other than securities) exceeds Rs 10000 .
TDS to be deducted @ 10%.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query