Tds on interest on deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
We are a manufacturing co. We have taken security deposit from our customers and now i am paying interest on that security deposit. Will it be liable for TDS?
05 April 2012
You are liable to deduct TDS u/s 194A if the amount of interest exceeds Rs. 10,000/-
05 April 2012
Agree with Siddhartha.
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