Tds on interest on security deposit

This query is : Resolved 

31 August 2013 Tds on interest on security deposit by consumer

31 August 2013 Yes. TDS apply on Interest on security deposit with customer u/s.194A

31 August 2013 TDS on interest other than interet other than interest on securities is covered u/ 194A and the tds rate is 10%. The exemption limit is Rs. 10,000/-. The Individuals and HUF which are not covered under the tax audit need not deduct tds.




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