30 April 2013
Interest is paid to Director on there Loan so the TDS deducted u/s 194A. Know I a query that this interest income of Director can be added in Salary income (Remuneration Paid By Firm)of him as Other Income reported by employee and then TDS as per slab can be u/s 192 deducted after considering all Investments. Instead of deducting TDS u/s 194A. If yes then what will be the accounting treatment?
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