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Tds on interest on loan

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(Querist)
05 May 2015 Our company has taken a loan from other company of Rs. 4000000 @ 8% interest rate. we have to deduct TDS on interest payment or not? please tell me
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
05 May 2015 yes you have to..............
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 May 2015 Yes you are required to deduct TDS u/s 194A @ 10%.
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