I faced a case : One person "P" registered for a plot amounted to almost Rs 400000 to a real state company, XYZ. But XYZ is unable to provide the plot even after 2 years. So they are returning back the money along with the interest. Interst amount is almost Rs 66000. XYZ company is deducting the TDS from the interest. Are this company is doing right by deducting the TDS from the interest income? The profile of person Case 1 : P is a student and don't have any income. Case 2 : P is earning more than 10000 pm if interest income is included.

0 Answers   Indiabulls,

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What is the service tax rate on WCT ( work contract tax) in haryana state

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Ek bandaria aapne bachche ko le jati hai (Bandaria ka bachcha uspe chipka rahta hai) aur ek billi bhi aapne bachche ko le jati hai (Billi Aapne bachche ko mooh me pakad k lejati hai) maa to dono hai par dono me aantar kya hai.........?

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How can I find out information about a pending case?

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difference between holding company and a sub sidiary company

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how long does it take to release the gratuity,after we quit the job?

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will you consider yourself to be a patient person?

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What does the chief court administrator do?

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what is the lat date of tds deposit for march 2010 ASSESSMENT YEAR 2010-2011

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Distinguish between Contract of Indemnity and Contract of guarantee.

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How are the Superior Courts structured?

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Company incorporated on 23-09-2010, So what is the amount required to pay under Professional Tax for the company for the year 2010-11, When yearly payment is Rs 2500 p.a

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