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Tds deduction on int

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(Querist)
18 February 2011 is this right to deduct TDS on EMI paid to Standard chartered bank.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 February 2011 no it is not right.
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Guest

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Guest (Expert)
18 February 2011 Standard chartered bank is a banking company and therefore, no TDS should be deducted. Morever, interest is always deducted from interest portion only.
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