WHETHER INTEREST RECEIVED FROM POSTAL SAVINGS IS LIABLE TO TDS? AND IF THE ASSESSEE DOES NOT QUOTE HIS PAN NO. WILL THE TDS RECEIVED ON INTEREST BE DEDUCTED @ 20% BY THE POSTAL AUTHORITY.
HAPPY DIWALI MEMBERS..!!ENJOY..!! :)
REGARDS,
DEVENDRA. K
Devendra (Chartered Accountant) (4775 Points)
08 November 2010WHETHER INTEREST RECEIVED FROM POSTAL SAVINGS IS LIABLE TO TDS? AND IF THE ASSESSEE DOES NOT QUOTE HIS PAN NO. WILL THE TDS RECEIVED ON INTEREST BE DEDUCTED @ 20% BY THE POSTAL AUTHORITY.
HAPPY DIWALI MEMBERS..!!ENJOY..!! :)
REGARDS,
DEVENDRA. K
karan challani
(article)
(82 Points)
Replied 08 November 2010
yes if the interest paid is above 10000. but usually on savings bank account TDS is not deduced.
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