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Sec 194A-TDS on interest!

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(Querist)
18 August 2008 We are paying interest for late payment to creditors Rs.120000. Is there any requirement to deduct tds under section 194A?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 August 2008 Yes, Interest paid is liable for TDS u/s 194A.

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