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194a tds sectionSection 194A: TDS on interest other than interest on securities
“Unlock the intricacies of Income Tax Section 194A: TDS on interest payments beyond specified thresholds, excluding interest on securities.
Learn about the applicability, rates, and compliance under this section. Dive into detailed insights on interest from fixed deposits, bonds, unsecured loans, loans and advances, and payments to Non-Banking Financial Companies (NBFCs).
Understand the obligations of the payer, including TDS deduction, deposit, issuing certificates, and reporting in income tax returns.
Tds on interest rate
Stay tax-compliant with this comprehensive guide.”
Section 194A of the Income Tax Act, 1961 governs the deduction of tax at source (TDS) on interest payments other than interest on securities. This provision ensures that the tax liability on such interest income is collected at the source itself.
In this article, we will provide a detailed overview of Section 194A, focusing TDS on interest earned from fixed deposits, bonds, interest paid on an unsecured loan, interest paid on loans and advances, and
- what is the tds rate for interest
- is interest on tds disallowed