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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.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
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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