30 June 2015
if I come under the tax audit and I have made the payment of interest to huf above 5000 and I have not deducted the TDs is it right. some one told mee it is right but how?
30 June 2015
No it is not correct. If your file was liable for Tax Audit in previous year then you are required to deduct TDS on Interest u/s 194A @10% since threshold limit of rs 5000/- is crossed.