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On Fixed Deposits, Is it mandatory to deduct TDS?

As per Bank's Definition, Quarter means April to June, July to Sept, Oct. to Dec & Jan to Mar. If FDR Depositor calculate their Interest on FDR, they found that there are difference in Interest and Payment in that case what will do by Depositor? Thus the Depositor follows the two way, which is as follows:

1. TDS provisions are very simple & crystal clear as far as the timing of tax deduction at source is concerned. The tax at source is required to be deducted at source the time of
-Credit or
- Payment

whichever is earlier.

2. Depending upon the mode that is adopted by the payer, the TDS would be required to be done. The TDS mechanism totally relies on the method for interest payment/credit followed by the Deductor. In your case, the moment you account for the interest entries, the TDS provision would apply.

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