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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2011 Please solve this query as soon as possible and support the answer with case law and respective Notification & Circular.

Question: Under which section the tax on interest due to late payment of rent will be deducted? and why?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
06 January 2011 TDS is to be deducted u/s 194B.

Why -- Since it has been given in sec 194B.

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