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TDS ON INTEREST ON LOAN

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(Querist)
15 July 2009 Dear Members,

I would like to know if a branch pays Interest on loan to its H.O. then is it liable to deduct Tax at Source?
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Ratan Sharma

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Ratan Sharma (Expert)
15 July 2009 Hi,
No TDS is applicable as the assessee is the same person.

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