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