Applicability of section 194 a

This query is : Resolved 

21 August 2012
Interest paid to NBFC or other financial institution more than the prescribed limit will attract provisions of Section
194 A...???

Regards

Pratik...

21 August 2012 Section 194A - Interest payable by others
threshold limit is 5000/- TDS 10%.

21 August 2012 Yes, TDS is applicable... only Banks are exempted.




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