Tds under 194a
This query is : Resolved
12 May 2015
Should TDS be deducted on interest paid on loan taken from SICOM Ltd.? It is a financial institution in which Maharastra government holds 49.07%.
12 May 2015
Yes TDS shall required to be deducted from amount paid as interest to them.
12 May 2015
TDS will be required to be deducted by an individual or HUF only if his or its accounts were audited u/s 44AB in immediately preceding year.
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