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TDS on Financial Charges

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(Querist)
08 June 2010 What is the rate of TDS to be deducted on payment of financial charges on loan taken from Financial Institution?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
08 June 2010 It is presumed that by financial charges, you mean the interest.

Section 194A
Rate : 10%
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CA Usha Rani Challa

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CA Usha Rani Challa (Querist)
08 June 2010 Yes it is interest
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