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?
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.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 04 February 2023
It means TDS deducted by bank on Interest received on FDR.
sabyasachi mukherjee
(27732 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.
interest other than securities .
If you hv unsecured loan someone or any firm then on interest amount it will deduct @ 10% on interest amount.
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