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Querist : Anonymous

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Querist : Anonymous (Querist)
11 January 2012 I have received a loan amounting of Rs. 200000/- on 01/4 and paying interest quarterly.
But I will do interest calculation on 31/03
Should I deduct the tax or not on part payment on quarterly or otherwise.
Please tell me.

11 January 2012 TDS will be calculated for the last quarter only as you are compounding the interest annually on 31/03



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