Saving Bank interest is taxable under the head income from other sources.
T.D.S is not applicable on Savings account.
Rishab
(A.C.A.)
(155 Points)
Replied 03 August 2010
Saving Bank interest is taxable under the head income from other sources.
T.D.S is not applicable on Savings account.
Prasad P
(Chartered Accountant)
(117 Points)
Replied 03 August 2010
its not exempt from tax net , but no TDS problem for that.
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