TDS U/s. 194A
This query is : Resolved
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.
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.
16 October 2010
Not covered under section 194(3)(iii)(f). TDS u/s 194A applies.
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