Please Help: TDS
Posted Date : 16-Jun-2011 , 04:56:12 am | Posted By: CA Rahul Prashar
Category :
Income Tax | Answers :
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Comments :
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whether tds applicable on payment of interest on advance received from the company. |
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Answers:
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 Answer by: Ca Nitin |
| yes as per section 194A @ 10% if interest more than rs 5000/-during financial year
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| Answer by: CA. Sachin Data |
| yes
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| 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.
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| Answer by: Vikash Kumar Jha |
| Yes should be deducted if limit is crossing as specified under section 194a
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