TDS Libility

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21 May 2011 What is libility of TDS of Individual assessee in case of Interest paid to Ltd, Company 10% or 20%
Munish

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 May 2011 Rate u/s 194A is flat 10%. If PAN not provided then TDS to be deducted @20%.

But remember in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 60 lakh or Rs. 15 lakh respectively in previous year, he is required to deduct tax at source.

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