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A company is paying salary to its directors and deducting applicable TDS thereon (192).
Now company has decided to pay interest on loan taken from director. On which also TDS is deducted at appropriate rates (194).
As per section 192(2B), employee may declare his any other income to employer. And employer shall deduct TDS after adding that income into taxable income.
Query is that whether it is mandatory that company considers interest income while computing TDS under the head salary, since both the incomes are given by same company.
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