Tds on interest on other than securities
This query is : Resolved
05 April 2012
can u plz tell me that if limit of 10000 on interest on other than securities is crossed then tds is deducted on above Rs 10000 or total amount of total interest received?
Ex- If a bank credited or paid the interest to the party rS 10000 on monthly basis then wats the amount of TDS?
Plz give ur reply ASAP.
Ex- If a bank credited or paid the interest to the party rS 10000 on monthly basis then wats the amount of TDS?
Plz give ur reply ASAP.
05 April 2012
TDS will be deducted on total amount and not Rs. 10,000.
05 April 2012
interest up to Rs10000 is tax free means..
if interest earned is Rs10001, then only 1 rupee is taxable
if interest earned is Rs10001, then only 1 rupee is taxable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
