194A tax

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section 194A what type of tax.when submit tax payer.any relaxation by chance.without tax pay to govt any problem.
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read this https://cleartax.in/s/section-194a-tds-on-interest-other-than-interest-on-securities

How much you are earned & which year this will effected. Are you crossing taxable limit.

SEC 194A  IS FOR TDS ON INTEREST OTHER THAN INTEREST ON SECURITIES

Section 194A deals with deduction of TDS on interest other than interest on securities like Interest on Fixed Deposits, Interest on Loans and Advances other than banks.

The Deductor shall deduct TDS if the amount of such interest paid or credited in a financial year,  exceed

  1. 10,000 where the payer is
    1. Banking company or any bank or a banking institution
    2. Co-operative society engaged in the business of banking
    3. Post office (on deposit under scheme framed and notified by Central Government).
  2. 5,000 in any other case
thank u sir for information
good clarification and information


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