SEC 194A
This query is : Resolved
15 February 2011
whether we deduct TDS u\s 194A when we pay interest to bank on loan?
if deduct TDS, we also charge Surcharge if interest amt exceed 1 crore?
if deduct TDS, we also charge Surcharge if interest amt exceed 1 crore?
15 February 2011
No TDS deduction is required from a Banking Company to which the Banking Regulation Act 1949 applies.
16 February 2011
In case interest is paid to any Banking
Company or a co-operative bank, no TDS is required be deducted U/s 194A.
Company or a co-operative bank, no TDS is required be deducted U/s 194A.
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