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payment of interest

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(Querist)
07 July 2010 sir,
any person who pays interest , has to deduct TDS ,how fwr this statament is true.
(fixed deposit,inerest paid on loan,)
whats' HAWALA , i heard that people brought there money in through HAWALA to avoid tax liability
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
09 July 2010 Statement is true but it is not applicable on Individual & HUF, whose turnover during the previous year does not exceeds Rs. 40lakh.

for HAWALA let the express views to others.

regards!!!
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 July 2023
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