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Tds on fdr

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(Querist)
13 July 2012 Dear Sir,
I want to know that, i have an fdr which is earning me interest which is above 10k, so the interest income will be taxable in itr for every year or after maturity of fd.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 July 2012 Interest is taxable every year and not on maturity.

Even TDS is deducted at the time of credit of interest (monthly/quarterly/yearly).
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sharma.ctc@gmail.com

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sharma.ctc@gmail.com (Expert)
13 July 2012 Agree with Expert
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