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TDS on finance charges

This query is : Resolved 

Is TDS to be deducted on finance charges ie on interest paid on the loan amount

Yes it has to be deducted . Under section 194 A. i.e. TDS on Interest other than securities.

Yes it has to be deducted

Not on interest on loan taken from Banks.

YES UNDER SEC 194 A -TDS NEEDS TO BE DEDUCTED ON FIN. CHARGES (BANKS AND FIs EXCEPTED).
R.V.RAO



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