TDS on the interest income accrued to the minor is required to be deducted against PAN of the minor child– incase both the parents of minor are dead

It has been brought to the notice of CBDT that in cases of minors whose both the parents have deceased, TDS deductors/ Banks are clubbing the interest income accrued to the minor in the hand of grandparents and issuing TDS certificates to the grandparents, which is not in accordance with the law as the Income-tax…

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