urgent--tds u/s 194A

This query is : Resolved 

18 July 2009 hi,
Is there any liability to deduct tax on interest paid on loan accepted from GIDC? plz provide supporting circular or anything like that,if any.

19 July 2009 All financial institutions are kept outside the purview from deducting TDS on interest paid to them and it is mentioned in Act itself.



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