1.

When is TDS deductible u/s 194A? What is the rate of TDS under this section?

Answer»

The TDS is deductible under section 194A when the interest is paid to a resident, any interest other than the interest on securities amounting more than Rs. 5,000/- or Rs. 10,000/- as the case may be. 

(1) Rate of TDS: 

(a) 10 %. No surcharge, education cess or SHEC shall be added. 

(b) 20%,



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