Tds on interest charged by builder for making delay payment
This query is : Resolved
01 June 2014
hi all
my client co has booked property in corporate bldg nw they had made late payment as schedule decided.
now builder has charged interest amount to Rs 7,00,000
whether we have to deduct tds or not
plz explain with section
01 June 2014
you need to deduct TDS on that interest u/s.194A, if the interest amount is exceeds Rs.5000
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