Tds on interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2012
For an individual not eligible for audit u/s 44AB, is liable to deduct tds on interest payment?
20 October 2012
Individual and HUF not required for audit u/s 44AB are not liable for deducting TDS.
20 October 2012
If not covered under tax audit in the preceding financial year, then TDS provisions does not attract in current financial year vide proviso to section 194A(1).
20 October 2012
Agreed with Mr.B.Chackrapani Warrier sir's reply.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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