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Applicability of section 194 a

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(Querist)
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...
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Hemant Kumar

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Hemant Kumar (Expert)
21 August 2012 Section 194A - Interest payable by others
threshold limit is 5000/- TDS 10%.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
21 August 2012 Yes, TDS is applicable... only Banks are exempted.
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