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tds applicability on bank

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(Querist)
28 May 2008 Dear experts,

Please let me know that is tds is applicable on interest and service charges payable to bank.

Please reply with relevent section or circuiler/notification if any
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
28 May 2008 no, read sec. 194A
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karun

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karun (Querist)
29 May 2008 THANKS YAYATI DIDI
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