Director or partner can deduct tds on interest?

Individuals are liable to deduct tds u/s 194A only when they were liable for tax audit in the previous financial year.

Dear Manish and Bharat,

Thanks for the reply but my second query is steel pending "if he is liable to deduct TDS, will TAN no. be  compulsory for individual deductor, which is require at the time of TDS return submission."

Yes, obviously . If one is liable to deduct TDs then he has to apply for TAN No.

Yes, definately TAN is requiared for individual, who want to deduct TDS and for Return......!!!!

The Individual deductor should apply for TAN.