Whether Interest paid to State Government by a bank is exempt from TDS or not. If it is exempted under what section/cluase
Harpreet
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(1670 Points)
Replied 29 September 2010
Yes bank will deduct the TDS on deposit (FDR) and issue TDS Certificate Quarterly basis as per current year rules of TDS.
Live class on PF & ESI Enrollment & Returns Filing(with recording)