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Tds liability on interest paid to co.s registered under msme

This query is : Resolved 

26 May 2014 Do TDS need to be deducted on interest paid to co.s registered under MSMED Act?
if yes, what is its rate?

26 May 2014 Yes as per rate notified u/s 194A. There is no exemption or waiver for deduction of TDS under the provisions of Income Tax Act 1961 unless such society provides certificate from waiver or lower deduction from their Assessing Officer as per the procedures laid down under the Act



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