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TDS on interest to supplier

This query is : Resolved 
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(Querist)
09 January 2009 Our supplier have given us 1 month's credit for the goods. We have given him payment after 3 months , so he has charged 2 months interest & we have paid this. whether we are liable to deduct tax onthis interest payment. interest amount is more than 2 lacs Rs.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
09 January 2009 this is business exp you are not taking loans from suppliers so tds is not deducted on delay payment of interest
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Jayesh Jagetiya

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Jayesh Jagetiya (Querist)
22 January 2009 But the section 194A only speaks about the INTEREST & not INTEREST ON LOAN?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 November 2021 Yes, TDS is deductible, when the cost is interest paid.
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