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TDS applicability on interest on late payment to creditors

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(Querist)
02 February 2011 My query is that whether TDS is required to be deducted in case the interest is paid on late payment to creditors???
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 February 2011 Yes TDS is applicable on this interest.
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Guest (Expert)
02 February 2011 Agree with Mr. Bhagat
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