Whether Interest paid to State Government by a bank is exempt from TDS or not. If it is exempted under what section/cluase
1 Replies
Harpreet
(* * * * * *)
(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.
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