TDS on National Savings Scheme deposits required at payment, with exemptions for small payments and legal heirs. Payers of amounts standing to the credit of persons under the National Savings Scheme, together with accrued interest, must deduct tax at source at 10% at the time of payment, subject to exemptions for small aggregate payments in a financial year and for payments to the legal heirs of a deceased depositor.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS on National Savings Scheme deposits required at payment, with exemptions for small payments and legal heirs.
Payers of amounts standing to the credit of persons under the National Savings Scheme, together with accrued interest, must deduct tax at source at 10% at the time of payment, subject to exemptions for small aggregate payments in a financial year and for payments to the legal heirs of a deceased depositor.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.