For the six month loan moratorium during march 20 to august 2020, should we deduct tds 10% as per 194A on the unpaid interest component of the loan on accrual basis or tds to be deducted only for the payment paid for the remaining 6 months. Please advise.
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194a tds deduction on accrual basis
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Tax to be deducted at source u/s 194A at the time of credit or payment, whichever is earlier. So you will have to deduct the same as and when you account or make provision for interest.
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