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Tax deducted at source

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(Querist)
10 September 2011 can we deduct tds on interest on secured loan of nationalized bank.
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sadashiv Rupchand Gaikwad

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sadashiv Rupchand Gaikwad (Expert)
10 September 2011 It is charges by Bank, you need not to Deduct TDS on interest.Some of Expenses are your expenses,but in case of Nationalised Bank, You are not fixed how to much to be debited.In other loan you must deduct tax.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
10 September 2011 There is no need to deduct u/s 194A.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
10 September 2011 Section 194A specifically excludes Banks.
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naveen

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naveen (Querist)
12 September 2011 Thanks to all of exper

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