New Delhi, March 30 The income tax department said on Monday that "banking companies" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS (Tax Deducted at Source) on interest income exceeding the prescribed threshold.Under the Income Tax law, tax is to be deducted...
banking companies
banking regulation act
citizens
financial year
income tax
income tax act
interestincome
post office deposits
section 402
section 51
senior citizens
tax deducted at source (tds)
tax law
tax threshold
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