10 June 2020
I have received IT Notice, they rejected the TDS U/s 194A, where i have received TDS on Interest, why they have rejected this, Please let me as soon as possible.
14 June 2020
194A is only applicable to a resident. Thus, the provisions of section 194A are not applicable in case of payment of interest to a non-resident.
Payments made to non-residents are also covered under TDS mechanism. However, tax in such a case is to be deducted as per Section 195.
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