24 July 2014
Dear Friends, Please clarify me on Sec.194A TDS deduction. The threshold limit is Rs.10,000. It is confusing me a lot. if i receive Rs.25000 as interest on FD, then TDS has to be deducted on Rs.25,000 or on Rs.15,000 ( i.e after deducting threhold limit of Rs.10,000). please advise me in this regard.
In general, if any threshold limit is applicable, whether TDS is to be deducted on the balance amount or after crossing the threshold amount on the total amount ?
CAclubindia
