Tax Deduction at Source (TDS) for Resident Recurring Deposits
From June 1 2015, Tax Deduction at Source (TDS) will be applicable on interest paid/ accrued on Resident Recurring Deposits. Deposit holder may claim exemption from TDS by submitting Form 15G / 15H (other than company, firm or co-operative society)/ Exemption Certificate under Section 197 (in case of all holders)/ or any other Tax Exemption Certificate with the Bank, subject to eligibility.. Such form or tax exemption certificate has to be submitted every financial year for each recurring deposit held with the Bank.
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Apr 18, 2016
Guys, anyone know how Tax Deducted at Source ( TDS ) is applicable on this multimillionaire reccuring deposit?...