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TDS un FD under bank term Deposit scheme-2006

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2010
Interest under the FD placed under the above scheme is to deducted when
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
10 August 2010 TDS is to be deducted when income is credited or paid, whicever earlier.

Same applies to interest on bank term deposit also.

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