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194A TDS

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This query is : Resolved

Quick Summary

If your TDS under Section 194A has been rejected, it's likely due to the payment being made to a non-resident. Section 194A specifically applies to interest payments made to residents. For non-residents, TDS should be deducted under Section 195. Check your Form 26AS to confirm.

Ajay R

Ajay R (Querist)

10 June 2020 I have received IT Notice, they rejected the TDS U/s 194A, where i have received TDS on Interest, why they have rejected this, Please let me as soon as possible.

Gokul Sharma

Gokul Sharma (Expert)

11 June 2020 is this reflecting in your 26AS

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

14 June 2020 194A is only applicable to a resident. Thus, the provisions of section 194A are not applicable in case of payment of interest to a non-resident.

Payments made to non-residents are also covered under TDS mechanism. However, tax in such a case is to be deducted as per Section 195.

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