TDS
This query is : Resolved
08 April 2009
WHETHER TDS APPLICABLE ON BIIL DISCOUNTING INCOME ?
08 April 2009
Yes. TDS is applicable. Because either you charge interest or service chareges.
If you charge it as service charge then contract 194c will apply.
If you charge it as interest then tds on interest will apply.
If you charge it as service charge then contract 194c will apply.
If you charge it as interest then tds on interest will apply.
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