08 October 2011
TDS on interest other than securities: Section 194A: TDS shall be done at the time of credit or payment whichever is earlier @ of 20% if recipient is company and if recipient is a resident non-company assessee then TDS shall be done @ 10%. No TDS shall be done if interest payable by a bank, co-operative society and post office is Rs. 10000 or less , in other cases where interest payable is Rs. 5000 or less
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