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TDS U/s. 194A

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(Querist)
15 October 2010 If a company taken a loan from Bajaj Finance & regularly pay the interest(interest amount exceeds Rs. 10,000/-) to the said financial institution, in this case whether TDS u/s. 194A required to be deducted or not...?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 October 2010 194A squarely applies.
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Sanjay Dugar

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Sanjay Dugar (Expert)
15 October 2010 Do check if the inst. to whom interest is being paid is covered u/s 194A(3)(iii)(f) of the IT Act.
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taxindiaconnect

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taxindiaconnect (Expert)
16 October 2010 Not covered under section 194(3)(iii)(f). TDS u/s 194A applies.

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