Tds deduction for government authority

Dixit (CA Final) (2405 Points)

01 March 2012  

Sir, Shall Bank deduct TDS on Interest on FD on Government Authority? If not, then what we can do if Bank Deduct TDS? I think Government Authority is come under section 10(23)(d) of income tax act, so bank should not deduct TDS. Please give your opinion on that.

Thank You