Tds on interest payments

Yes, in the eye of Income Tax PAN is the Identity, hence as per my opinion TDS is required to deduct in personal books of account also on Interest Payment exceeding 10,000/-

Dear Jayesh TDS on interest is governed by section 194A one of the the condition for non application of this TDS is as below for Individual.

Provided that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year in which such interest is credited or paid, shall be liable to deduct income-tax under this section.

So if the Business income has increased 1 Crore it will have to deducted TDS on personal accounts interest as well. If it happen to be only other income TDS deduction was not required.