The Income Tax Department clarified TDS on bank interest, creating confusion among investors regarding Fixed Deposits. Section 194A dictates TDS rules, with banking companies exempt from TDS on interest below specified thresholds.
Will you have to pay higher TDS on your FD, RD interest? What the new Income Tax Act says
The Income Tax Department clarified TDS on bank interest, creating confusion among investors regarding Fixed Deposits. Section 194A dictates TDS rules, wit…
Lok Darpan
