Whether t.d.s is required to be deducted on interest payment
This query is : Resolved
05 December 2014
We are making payment of interest on delayed payment of dues to Suppliers. You are requested to advise whether T.D.S is to be made on these interest payment u/s 194A
05 December 2014
Section 194A doesn't apply. Citation :- ITO Vs Parag Mahasukhlel Shah (2011) 46 SOT 302.
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