I need advice on following issues:
1. If I deposit 75crores in bank for 5years,quarterly compounding in my company (proprietorship) name,
when they will deduct TDS?
- At the end of 5 years?
- Or every financial year?
- Or every quarter(since the interest is more than 10000rs/quarter)?
- how much they will deduct?
2.I have to pay Rs.3.5 Crores as service charges to an individual(HE owns a company too),how much TDS I should deduct?