Fd taxation
akshay mohite (72 Points)
11 April 2023akshay mohite (72 Points)
11 April 2023
sabyasachi mukherjee
(27330 Points)
Replied 11 April 2023
Mahesh Shah
(2308 Points)
Replied 11 April 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 11 April 2023
1) As per section 194 A TDS applicable on FD Interest exceeds 40000/- for F.Y 22-23 .
2) You Can submit form 15 G if your FD interest exceeds 40000/- however condition is your previous year total income was less than basic exemption limit and tax not applicable (Nil) as per section 197 A( IA) of the Income tax act read with rule 29 C of the income tax rule .
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)