Tds
This query is : Resolved
palash channe
(Querist)
30 June 2015
if I come under the tax audit and I have made the
payment of interest to huf above 5000 and I have not
deducted the TDs is it right. some one told mee it is
right but how ?
payment of interest to huf above 5000 and I have not
deducted the TDs is it right. some one told mee it is
right but how ?
30 June 2015
No it is not correct. If your file was liable for Tax Audit in previous year then you are required to deduct TDS on Interest u/s 194A @10% since threshold limit of rs 5000/- is crossed.
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