Sec 194a
This query is : Resolved
22 September 2014
if a person is paying intt to indian oil Corp ltd, more than Rs 5000 then whether he is required to deduct Tds u/s 194A
22 September 2014
If interest is paid by Firm or Company then TDS required to be deducted u/s 194A.
In case of and Individual/ HUF TDS required to be deducted only if the file was subject to Tax Audit in respect of previous Financial Year.
In case of and Individual/ HUF TDS required to be deducted only if the file was subject to Tax Audit in respect of previous Financial Year.
23 September 2014
Yes that person's accounts were audited in previous financial year
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