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Tds on interest income..from treasury

25 January 2023

i am salaried person I am earning salary 28k per month.i am also receiving interest on FD from the treasury 20k per month.but after considering my deduction total income is below 5L..but treasury wants to deduct tds on interest...How can i avoid tds deduction on interest..?pls reply thanks in advance

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177840 Points)
Replied 25 January 2023

Not possible, unless you are senior citizen.

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MPR Sanjay Kumar (3118 Points)
Replied 26 January 2023

@ Honourable Dhirajlal sir ,usually while preparing trading account it consists opening stock closing stock sales and purchases and some direct expenses and direct incomes..

My query : As per final accounts rules

1. it is must to show the closing stock balances is more than opening stock.?

2. purchases balance value must reduce compared to the sales balance value?

3. gross profit balance figure must increase compared to the sales value

it is mandatory as per rules could you please explain me if there is any details are not given by clients

only having net profit and sales information

plse explain me