Tds deduction

This query is : Resolved 

16 June 2014 Any person is liable to deduct TDS on interest on late payment for goods under 194A.. ?

16 June 2014 payment of interest on trading liabilities is not covered under definition of Interest under section 2(28A). please refer judgment of Ahemdabad bench of ITAT in ITO v. Parag Mahasukhlal Shah [2011] 46 SOT 302

16 June 2014 payment of interest on trading liabilities is not covered under definition of Interest under section 2(28A). please refer judgment of Ahemdabad bench of ITAT in ITO v. Parag Mahasukhlal Shah [2011] 46 SOT 302


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