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NARAYAN CHANDRA BHOWMIK   10 May 2021

194A applicability

Whether TDS is applicable on payment of interest to a lender Company who is subsidiary of a Banking Company-Please advise


 5 Replies

Dhruv Jariwala

Dhruv Jariwala   10 May 2021

No TDS will be deducted if any interest other than from securities is paid or credited to any banking co.
Sourav

Sourav (Student)     10 May 2021

Agreed
sabyasachi mukherjee

sabyasachi mukherjee   10 May 2021

Generally while paying TDS ON INTEREST ON LOAN WE DEDUCT TDS @ 10%payable to an assesse.
Sec 194 A.
Lotus Choudhary

Lotus Choudhary   10 May 2021

If banking company, then No tds shall be deducted.
sabyasachi mukherjee

sabyasachi mukherjee   10 May 2021

Not necessarily there are seperate provisions for that..


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