A loan is taken by a company from bank in the name of its director, and company is repaying that loan with interest. Should company deduct tax at the time of payment of interest
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TDS on interest other than security
Replies (3)
as per latest decision given in this particular matter by apex court the company is required to be duduct the tax at source
Please provide the details of decision given by apex court.
Section 194A is not applicable to Interest income is credited or paid to any banking co. to which the Banking Regulation Act, 1949, applies
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