TDS on interest paid to government authority
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2010
One of the civil engineering contruction company has taken mobilisation advance from Maharashtra Jivan Pradhikaran (MJP). MJP charged interest on above mobilisation advance.Whether company is liable to deduct TDS u/s 194A on this interest paid?
CMA Ramesh Krishnan
(Expert)
11 September 2010
yes,applicable unless they got exemption certificate from CBDT
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