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I have a fixed deposit of Rs 5000.00.The fixed deposit is in Joint Name.1st name is my father and 2nd name is mine.The fixed deposit was made from my personal account and interest also be credited on my personal account . 1.Can the bank charges TDS on my name or my fathers name ??2. Is the income treated as my father's income or mine??
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| Rupak Banerjee (Posted: Apr 22, 2009) |
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I want clarification regarding TDS on interest income. Interest income upto 10000 is exempt from tax, but if interest income is (say) 11000 then 10% TDS will be deducted from (11000-10000=1000) or from entire 11000?
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| Sunil Yadav (Posted: Nov 7, 2008) |
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what is TDS?
how it is work with fixed deposit ?
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| ashish shrivastava (Posted: Oct 24, 2008) |
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I will start with example ; If I will be earning interest of 50,00on the maturity of FDR. and i pay declare every year with accrual interest of 12,500 and pay 10% interest on 2500 which is in excess of 10000.
Do i have to pay TDS on maturity after 4 year when FDR is encashed.
How do you treat non resident indian with ITO
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| phurbu (Posted: Oct 9, 2008) |
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TDS RATE ON NRO FIXED DEPOSIT HELD IN CANARA
BANK IN INDIA
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| RASHID HUSAIN (Posted: Jul 31, 2008) |
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NRE deposit can be changed to NRO deposit,then what will be tds deduction on that interest earned.
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| chandraknt (Posted: Apr 1, 2008) |
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