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TDS u/s 194A

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03 February 2011 I want to know whether TDS is to be deducted if payment of interest Rs.50000 to Bajaj Finance,Shriram Finance,Sundaram Finance,Mahindra Finance Ltd,India Bulls Finance ,etc same type of finance companies on loan taken under section 194A.?

03 February 2011 Yes TAx is required to be deducted under section 194A of the IT Act



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