Tds 194a

This query is : Resolved 

27 March 2014 Dear sir...,
i Have a doubt please solve it.
mr.x is a director in a company.
TDS is applicable to him or not? when he is going to pay the interest amount to another individual who is not a director.

Please solve my query in detail.
Thanking you in advance.

27 March 2014 for what purpose is the payment is to be made?

27 March 2014 loan purpose. interest paid for the purpose of loan.

27 March 2014 where director is paying the interest in his personal capacity, no TDS obligation arise as long as the tax audit is not applicable.



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