Please Help: TDS
Posted Date : 16-Jun-2011 , 04:56:12 am | Posted By CA Rahul Prashar
whether tds applicable on payment of interest on advance received from the company.
Category : Income Tax | Answers : 4 | Comments : 1 | Hits : 483
Answers
Answer By: ca nitin
yes as per section 194A @ 10% if interest more than rs 5000/-during financial year
Answer By: CA. Sachin Data
yes
Answer By: CA VIKAS JAIN
Yes TDS is applicable, BUT it may be noted that Only those individual and huf are required to deduct tds on payment, who are covered under sec 44AB during last Previous year.
Answer By: Vikash Kumar Jha
Yes should be deducted if limit is crossing as specified under section 194a
Comments
CA. Gaurav Agarwal
17-Jun-2011 , 04:06:46 amyes it is applicable