πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Which of the following transactions is NOT typically

    subject to TDS in banking (as of Jan 2024)?
    A Bank interest over β‚Ή40,000 (β‚Ή50,000 for senior citizens) Correct Answer Incorrect Answer
    B Cash withdrawal above β‚Ή1 crore Correct Answer Incorrect Answer
    C Sale of immovable property above β‚Ή50 lakh Correct Answer Incorrect Answer
    D Deposit of cash above β‚Ή5 lakh in savings account Correct Answer Incorrect Answer
    E Rent payment exceeding β‚Ή2.4 lakh/year Correct Answer Incorrect Answer

    Solution

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

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question