I have some Fixed Deposits in a Scheduled Coperative Bank. The interest income from my FD's will cross Rs 10000 for financial year 2013-14. But when I asked the officer for form 15G for tax purpose, she told me to take shares of the said cooperative bank. Does becoming a shareholder of a scheduled co-op. bank makes one eligible for tax exemption from TDS in case the interest income crosses Rs. Ten Thousand?
Menu
Buying shares in a schedule coop bank useful for tax purpose
Replies (1)
No. There is no such connection of TDS exemption and buying shares.
Consult bank manager.
Raj C Doshi
Recent Topics :
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
Related Topics :
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
