TDS liability on unsecured Loan from India Bulls

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2011 Dear Sir,

Pls tell me whether TDS liability arises on Interest payment on Unsecured Loan from India Bull u/s 194A

Also tell me Whether India Bulls falls In The Exemption List of section 194(3)

17 January 2011 Yes TDS u/s 194A should be deducted if Interest amount is more than Rs.5000 in a Year


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