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Saturday, December 8, 2018

No TDS on interest income up to Rs 50,000 in case of senior citizens, clarifies CBDT

No TDS on interest income up to Rs 50,000 in case of senior citizens, clarifies CBDT
CBDT has clarified that in the case of senior citizens, no TDS is required to be deducted u/s 194A, where the amount of such income doesn't exceed Rs 50,000 in aggregate.

Source: TFE