tds

This query is : Resolved 

03 August 2010 is tds applicable on interest on OVER DRAFT & CC Limit. if yes why or if no why
answer with reason please.

03 August 2010 No need to deduct Income tax by virtue of section 194A(3)(iii)(a).

03 August 2010 No TDS to be deducted on payment made to banks as per section 194A(3)(iii)(a).


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