My Form 16A shows that tds of Rs. 320 has been deducted u/a 194A ? What does it mean?
Replies (4)
Quick Summary
This discussion clarifies that TDS deducted under Section 194A typically relates to interest other than securities. This often applies to interest earned on Fixed Deposit Receipts (FDRs) from banks. It can also apply if you've provided an unsecured loan to an individual or firm, with TDS deducted at 10% on the interest earned.
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.
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.