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Personal Finance News

The Hindu Businessline

Personal Finance / The Hindu Businessline

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All banking cos to deduct TDS on interest income beyond 50,000 a year

As per the Income-tax Act, 1961, the scope of anking company included not only banking companies to which the Banking Regulation Act, 1949, applies, but also any bank or banking institution referred to in section 51 of that Act

30 Mar 2026 6:25 pm