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Tds deducted u/s 194A

Mandar Yagnik (4 Points)

04 February 2023

My Form 16A shows that tds of Rs. 320 has been deducted u/a 194A ? What does it mean?

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4 Replies

deepak (accountant) (38 Points)
Replied 04 February 2023

Section 194A is applicable for TDS deduct for interest other than securities Like if you have given unsecured loan someone or any firm etc. then on interest amount it will deduct @ 10% on interest amount.

Mandar Yagnik (4 Points)
Replied 04 February 2023

I have not given loan to someone

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 04 February 2023

It means TDS deducted by bank on Interest received on FDR.

sabyasachi mukherjee (25973 Points)
Replied 06 February 2023

Tds deducted by bank
interest other than securities .
If you hv unsecured loan someone or any firm then on interest amount it will deduct @ 10% on interest amount.