TDS u/s 194A
This query is : Resolved
Anirban Mitra
(Querist)
05 June 2010
If my creditors are charging interests for DELAY payment of their outstanding amounts, does it come under the perview of Sec 194A? should we deduct tax at source at the time of booking/paying?
Aditya Maheshwari
(Expert)
05 June 2010
Yes TDS deductible u/s 194A.
Tax should be deducted at the time of payment or credit whichever is earlier.
Tax should be deducted at the time of payment or credit whichever is earlier.
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