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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2013 A has taken loan from bank.Due to inavailability of collateral ,a third party has provided collateral to bank on his behalf.a Fixed yearly amt is paid by A to the third party.whether TDS to be deducted on such payment
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CA Parul Saxena

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CA Parul Saxena (Expert)
01 March 2013 No TDS on such transaction.........
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Hemant Kumar

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Hemant Kumar (Expert)
01 March 2013 Agree with expert.... No tds should be deducted in above case.
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