04/06/2015
http://www.cajta.com/tax-update-05.html
1) Bank/Cooperative bank and post office Recurring Deposits (RD) interest, if more than Rs.10, 000/- per year will be liable to TDS w.e.f. 1-6-2015. If PAN is not given then TDS will be deducted @ 20%. Also, henceforth bank wise Income will be considered for TDS deduction on time deposits inste…