Skip to Content
0
Former Member
Sep 22, 2014 at 05:44 AM

sap withholding tax on each bank deposit investmen

61 Views

Hi,

I have another query relating to Fixed Deposits - 51A 100 - Investment

The client requirement is

Scenario 1:

The client investing in 20 different banks

In each bank, they are investing multiple amounts as investment (short term to long term)

In india, Interest Income received upto INR 10000 - No Withholding Tax

Above 10000 - Withholding tax applicable (10%)

My client investing in deposits very small amounts means INR 1000 to INR 1 crore

when investing INR 1000/- bank is not deducting Withholding Tax.

Is there any possibility to check manually WHT Exemption for the above requirement

with regards

raju