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Tds on interest paid to hsg society by a builder

This query is : Resolved 
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(Querist)
04 April 2013 Whether TDS is required to be deducted on Interest paid by Builder for delay in creating Fixed Deposit on behalf of Hsg Society of One Time Maintenance amount collected from the flat owners?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 July 2013 Yes. u/s.194A

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