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
1 Replies
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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