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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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