tds on interest

This query is : Resolved 

12 June 2010 if creditors charged debit note on late payment. so this amount deductible under tds on interest

12 June 2010 In my view, the charges are nothing but additional interest/penal interest.

194A attracted.

More opinion solicited.

12 June 2010 My view also the same sec.194A will apply


12 June 2010 Section 194A will be applicable on delayed payment charges paid to creditors.



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