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Tds on interest on deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2012 We are a manufacturing co. We have taken security deposit from our customers and now i am paying interest on that security deposit. Will it be liable for TDS?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
05 April 2012 You are liable to deduct TDS u/s 194A if the amount of interest exceeds Rs. 10,000/-
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
05 April 2012 Agree with Siddhartha.
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