TDS Section 194A: No Disallowance u/s 40(a)(ia) if Interest on Unsecured Loans Reported as Income by Payee.

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....TDS u/s 194A - interest paid on unsecured loans raised from Bajaj Auto Finance Company - when payee has confirmed that it has accounted such an interest payment as its income, then no disallowance u/s. 40(ia) should be made....