tds on fd interest

TDS 1160 views 2 replies

one of my companies has an amount in FD on which TDS is deducted but the co is loss making , we get refund at the end of the year but is there any way we can not get tds deducted so that we dont lose on time when we get refund

Replies (2)

You can apply with the assessing officer for non deduction of tax certificate. On production of that certificate with the ban, you can avoid TDS on FD interest. Refer Section 197 of the Income TAx Act

The Applicable is Form No.13


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