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Tds on interest paid on late payment to creditor

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(Querist)
03 July 2013 Pls, suggest TDS applicability on interest paid to creditors and service provider due to late payment on purchase bill or service bill.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 July 2013 Yes. it is applicable u/s.194A

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