https://www.taxtmi.com/circulars?id=8356 Banks using CBS that sweep interest into provisioning or suspense accounts for macro-monitoring only do not thereby effect constructive credit to depositors; therefore TDS need not be deducted on such daily/monthly provisioning. TDS is required when interest is actually accrued or credited to the depositor-at financial year end, at periodic intervals per bank practice or depositor request, on maturity, or on encashment-whichever occurs earlier, and when aggregate interest exceeds the statutory thresholds for withholding. en-us Tue, 02 Mar 2010 00:00:00 +0530 Fri, 03 Dec 2010 01:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8356 Banks using CBS that sweep interest into provisioning or suspense accounts for macro-monitoring only do not thereby effect constructive credit to depositors; therefore TDS need not be deducted on such daily/monthly provisioning. TDS is required when interest is actually accrued or credited to the depositor-at financial year end, at periodic intervals per bank practice or depositor request, on maturity, or on encashment-whichever occurs earlier, and when aggregate interest exceeds the statutory thresholds for withholding. Circulars Income Tax Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8356