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Tds on interest 194a

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30 June 2016 our company have one car loan from a non banking finance company, first time interest was very huge amount, that time we are deducting TDS 10% on interest, but this financial year interest below threshold limit Rs 5000, its car loan near to closing, in this situation we are liable to deduct tds ?

30 June 2016 No, as the in any year if the interest payment does not exceed the specified limit no requirement to deduct TDS

30 June 2016 you have to deduct the tDs if you are paying the intt Rs. 5000/- in a year. u/s 194A.




30 June 2016 No there is no requirement for deduction of TDS



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