Section-194a
This query is : Resolved
28 December 2011
Whether finance charges debited by supplier for late payment of bill be considered as interest?.And whether the party is liable to deduct tax on such finance charges u/s 194A?.Are there any case laws related to this?
28 December 2011
Yes TDS deductible u/s 194A.
29 December 2011
yes TDS is deductible
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