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Please correct me if iam wrong! 194a

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(Querist)
21 July 2017 > Tax on Income from bank interest at source, under sec 194A, is free of edn+higher edn cess of 3%

> While filling ITR this income is shown under 'Income from Other Sources' and gets added to gross total income and invites a cess of 3%

> Isn't this a contrary to the basic rule of keeping TDS under sec 194A cess-free ?

Tax slab is >10Lac
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
21 July 2017 No, its not contrary. Its a rule which we have to follow. TDS deducted to reduced our tax liability.
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