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Tds

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(Querist)
13 August 2012 An assessee (individual) was covered under 44AB in the preceeding financial year. Should he deduct TDS for interest paid in the current financial year in his personal books.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 August 2012 Yes he should deduct TDS provided the threshold limit u/s 194A is crossed.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
13 August 2012 YES,AGREE WITH ABOVE EXPERT...



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CA Prashant Gupta

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CA Prashant Gupta (Expert)
13 August 2012 An individual who is convered u/s 44AB then he is liable to deduct TDS.

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