tds on interest

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vaishali (Querist)
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12 June 2010 if creditors charged debit note on late payment. so this amount deductible under tds on interest

Shyam Lal Naik (Expert)
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12 June 2010 In my view, the charges are nothing but additional interest/penal interest.

194A attracted.

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CMA Ramesh Krishnan (Expert)
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12 June 2010 My view also the same sec.194A will apply

Aditya Maheshwari (Expert)
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12 June 2010 Section 194A will be applicable on delayed payment charges paid to creditors.

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