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TDS 194A OF INCOME TAX

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(Querist)
11 December 2008 Dear Experts
Dealer has paid to interest monthly Rs.3000/- its applicable to 194A section? Please cleared me
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Ravikumar.G

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Ravikumar.G (Expert)
12 December 2008 Aggregate amount of interest is exceeds Rs.5,000/- Hence, TDS is to be deducted.
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Pankaj Jhawar

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Pankaj Jhawar (Expert)
12 December 2008 Yes TDS is applicable
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