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Issue ID : 807
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Tds on payment of interest

Date 09 Jun 2008
Replies1 Answers
Views 5967 Views

Whether TDS required to be deducted on payment of interest to financial companies like Reliance Capital, Chhollamandlum DBS Finance, Indiabull Financial Services Ltd

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Replied on Jun 11, 2008
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If the amount paid is 'interest' on loans obtained from the financial companies, the same would attract TDS u/s 194A of the Income tax Act.

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