(TDS) Tax Deduction At Source- article

priyanka1987

New member
TDS


Eight per cent taxable bonds, floated by the government in 2003, will attract tax deduction at source (TDS) from Friday on interest exceeding Rs 10,000 in a year.

"Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent Savings (Taxable) Bonds, 2003 with effect from June 1, 2007," Reserve Bank of India (RBI) said in a communication to the banks.

The government has floated the eight per cent taxable bonds in 2003 with a maturity of six years. The interest was payable on non-cumulative bonds half yearly and cumulative bonds on maturity.

These bonds were initially exempted from TDS on the interest amount.



Regards,

Priyanka
 

priyanka1987

New member
Eight per cent taxable bonds, floated by the government in 2003, will attract tax deduction at source (TDS) from Friday on interest exceeding Rs 10,000 in a year.

"Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent Savings (Taxable) Bonds, 2003 with effect from June 1, 2007," Reserve Bank of India (RBI) said in a communication to the banks.

The government has floated the eight per cent taxable bonds in 2003 with a maturity of six years. The interest was payable on non-cumulative bonds half yearly and cumulative bonds on maturity.

These bonds were initially exempted from TDS on the interest amount.



hello there.....
Welcome on MP...
You hv posted the ARTICLE again...... n the document u hv attached is abt forcasting... if u wanna upload something thn pls upload it in rite section.... n again u hv posted some lines from the same post of mine... this will be counted as SPAM......


pls read the simple Mp rules.... ur post is not related to this thread so im deleting it from here..... u can upload the document by opening a new thread on the same.....
DO NOT REPEAT THE MISTAKE AGAIN............

Take care,

Regards.....

Priyanka
 
Last edited:

rohini_gupta1412

Par 100 posts (V.I.P)
what type of taxes r exempted from insurance?

what are the various investment options available to investor including insurance?

is there any comparative analysis of insurance and investment?

is kotak as an investment option is best ? if yes ,why? if no, why?

comparison of mutual funds and ulip insurance?

tax benefits available on which investment plan
 
Last edited by a moderator:
TDS


Eight per cent taxable bonds, floated by the government in 2003, will attract tax deduction at source (TDS) from Friday on interest exceeding Rs 10,000 in a year.

"Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent Savings (Taxable) Bonds, 2003 with effect from June 1, 2007," Reserve Bank of India (RBI) said in a communication to the banks.

The government has floated the eight per cent taxable bonds in 2003 with a maturity of six years. The interest was payable on non-cumulative bonds half yearly and cumulative bonds on maturity.

These bonds were initially exempted from TDS on the interest amount.



Regards,

Priyanka

Hey priyanka, you shared a very nice article describing the concept of TDS stands for tax deduction at source. Well, i am also uploading a document where you would get detailed information and notes on TDS.
 

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