tds applicablity

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santosh (Querist)
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25 May 2012 dear sir,
please give clerify that doubt that is if interest paid to bank towards cash credit a/c tds is applicable or not if not reason for that i want know about these things

regards

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 May 2012 Sub-section 3 of Section 194A provides that TDS is not required to be deducted on interest paid to a banking company.

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