194A
This query is : Resolved
21 December 2010
interest paid on delay in payment towards purchases of trading goods - is it liable for deduction of tds u/s194A ?
21 December 2010
Yes TDS to be deducted u/s 194A @10%.
Subject to threshold limit of Rs 5000/- (Interest other than from a Banking Co).
Subject to threshold limit of Rs 5000/- (Interest other than from a Banking Co).
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