https://www.taxtmi.com/forum/issue?id=118202 TDS on interest paid to a non-banking margin financier is governed by section 194A. Individuals and HUFs must deduct only if their preceding-year business or professional turnover exceeds the prescribed thresholds and the aggregate interest paid in the year exceeds the statutory exemption threshold. Payers other than individuals or HUFs must deduct TDS on such interest irrespective of turnover. The payer must determine status, apply the turnover and exemption conditions when relevant, and effect the deduction. en-us Thu, 27 Oct 2022 12:36:13 +0530 Thu, 23 Jan 2025 15:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118202 TDS on interest paid to a non-banking margin financier is governed by section 194A. Individuals and HUFs must deduct only if their preceding-year business or professional turnover exceeds the prescribed thresholds and the aggregate interest paid in the year exceeds the statutory exemption threshold. Payers other than individuals or HUFs must deduct TDS on such interest irrespective of turnover. The payer must determine status, apply the turnover and exemption conditions when relevant, and effect the deduction. Discussion-Forum Income Tax Thu, 27 Oct 2022 12:36:13 +0530 https://www.taxtmi.com/forum/issue?id=118202