TDS ON FIXED DEPOSIT WITH

[IMRAN AHMED]

SIR

I WANT TO KNOW WHETHER INTEREST ON FIXED DEPOSIT FROM BANK IS TAXABLE OR NOT.

[MUKUND THAKKAR]

yes,

you have to submit 15H form with the respective bank

AI Summary

Interest on fixed deposits taxable; submit the prescribed declaration form to the bank to address tax deduction at source. Interest on bank fixed deposits is taxable and subject to withholding; the depositor must submit the prescribed declaration form to the bank to address deduction at source or declare entitlement to non-deduction.