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    Question

    Which of the following transactions is NOT typically

    subject to TDS in banking (as of Jan 2024)?
    A Bank interest over ₹40,000 (₹50,000 for senior citizens) Correct Answer Incorrect Answer
    B Cash withdrawal above ₹1 crore Correct Answer Incorrect Answer
    C Sale of immovable property above ₹50 lakh Correct Answer Incorrect Answer
    D Deposit of cash above ₹5 lakh in savings account Correct Answer Incorrect Answer
    E Rent payment exceeding ₹2.4 lakh/year Correct Answer Incorrect Answer

    Solution

    Cash deposits are subject to reporting requirements, but no TDS is deducted on deposits.

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