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Tds on interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 For an individual not eligible for audit u/s 44AB, is liable to deduct tds on interest payment?
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CA Manish

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CA Manish (Expert)
20 October 2012 Individual and HUF not required for audit u/s 44AB are not liable for deducting TDS.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 October 2012 If not covered under tax audit in the preceding financial year, then TDS provisions does not attract in current financial year vide proviso to section 194A(1).
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
20 October 2012 Agreed with Mr.B.Chackrapani Warrier sir's reply.

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