14 July 2009
My query is regarding application of TDS u/s 194A on Interest on SB. Interest if it exceeds Rs. 10000/-. Is the TDS on interest applicable only in case where a depositor has TDR and composite interest exceeds Rs. 10000/- or it is also applicable in respect of SB. int. only if it solely increases the threshold limit.
14 July 2009
It is applicable on interest on deposits, but the interest amount crossed the limit of 10K then it will also includes all the interest given to that specific person in specific period lets say accounting year.
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