RE: [aurangabad_ca] Query TDS

Wednesday, December 30, 2009 9:03 AM By Livemail

 

No. Firstly only Interest on FD is Tax Deductible and over Rs. 10,000 per annum.

 

Harish Lalwani

 

From: aurangabad_ca@yahoogroups.com [mailto:aurangabad_ca@yahoogroups.com] On Behalf Of canuknow
Sent: Thursday, December 24, 2009 12:30 PM
To: aurangabad_ca@yahoogroups.com
Subject: [aurangabad_ca] Query TDS

 

 

Dear All,

 

Please give me opinion on following

 

If any bank paid interest to his customer cumulatively for last 3 financial year amounted to Rs.16,000/-, should bank deduct tax on that ? 

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