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Section 194A - TDS on Interest other than Interest on Securities

Section 194A - TDS on Interest other than Interest on Securities - Income Tax - Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax - 07 - SEC - 194A: TDS ON INTEREST OTHER THAN INTEREST ON SECURITIES The person other than individual or HUF, who is responsible for for paying to a resident any income by way of interest other than interest on securities, is required to deduct tax thereon at the rates in force. Individuals and HUF whose total sales/turnover/receipt .....

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e deemed to be credit of such income to the account of the payee and the provisions of this section shall apply accordingly. The provisions of this section shall not apply - (A) No tax is to be deducted where the aggregate amount of such interest to be paid or credited to the account of the payee during the FY does not exceed- 10,000 where payer is Banking Company. 10,000 where payer is a co-operative Society Bank. 10,000 on deposit with post office. 5,000 in any other case. (B) Where such incom .....

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