Tds
This query is : Resolved
17 October 2014
Sir
If a company paid interest on loan with out deduct TDS then what should be the amount of TDS ..e.g- if interest on loan is 100 and company paid 100 instead of 90 so what should be the TDS amount rs.10 or 11 . means the amount paid should taken as 90% or 100% ?
If a company paid interest on loan with out deduct TDS then what should be the amount of TDS ..e.g- if interest on loan is 100 and company paid 100 instead of 90 so what should be the TDS amount rs.10 or 11 . means the amount paid should taken as 90% or 100% ?
17 October 2014
hi
Amount paid remains Gross amount since no TDS was deducted & calculate TDS on Rs. 100 & pay to govt.
You may recover extra amount paid from your vendor/service provider.
Thanks
Amount paid remains Gross amount since no TDS was deducted & calculate TDS on Rs. 100 & pay to govt.
You may recover extra amount paid from your vendor/service provider.
Thanks
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