'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.' IMAGE: Kindly note the image has been posted only for ...

ITAT Chandigarh deleted a ₹7.48 lakh tax demand against Punjab National Bank for assessment year 2016-17 finding that submitted Form 15G/15H documents were ...

As per the Income Tax Act of 1961, financial institutions like Bajaj Finance must deduct TDS if the interest income of customers investing in FDs exceeds Rs. 40,000 in a financial year (this limit is ...

The first and foremost thing to learn is that fixed deposits are taxable. The basic meaning of TDS on fixed deposit is the tax implied on the interest received from your various fixed deposits in a ...

There will be no TDS, ITR or tax on FD/RD up to Rs 50 lakh if the total income is less than Rs 4 lakh. 10 percent TDS is deducted on FD, but can be avoided by Form 15G/15H. FD reporting will be ...