TDS U/s. 194A
This query is : Resolved
Ashish Parchure
(Querist)
15 October 2010
If a company taken a loan from Bajaj Finance & regularly pay the interest(interest amount exceeds Rs. 10,000/-) to the said financial institution, in this case whether TDS u/s. 194A required to be deducted or not...?
15 October 2010
194A squarely applies.
Sanjay Dugar
(Expert)
15 October 2010
Do check if the inst. to whom interest is being paid is covered u/s 194A(3)(iii)(f) of the IT Act.
taxindiaconnect
(Expert)
16 October 2010
Not covered under section 194(3)(iii)(f). TDS u/s 194A applies.
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