Tds

This query is : Resolved 

30 April 2013 Interest is paid to Director on there Loan so the TDS deducted u/s 194A. Know I a query that this interest income of Director can be added in Salary income (Remuneration Paid By Firm)of him as Other Income reported by employee and then TDS as per slab can be u/s 192 deducted after considering all Investments. Instead of deducting TDS u/s 194A. If yes then what will be the accounting treatment?

30 April 2013 TDS u/s 194A has to be deducted irrespective of TDS on Remuneration/Salary



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