TDS
This query is : Resolved
29 June 2009
A private bank is charging interest, commission and other charges on certain transactions and deposits.
Are these payments subject to the provisions of TDS.
If Yes, how will it be deducted as Debits are made directly by the bank in our account.
Are these payments subject to the provisions of TDS.
If Yes, how will it be deducted as Debits are made directly by the bank in our account.
29 June 2009
Hi Hemant,
TDS not applicable on interest paid to bank loan.
TDS not applicable on interest paid to bank loan.
29 June 2009
Please also tell in the case of commission , brokerage and other charges .
Kindly also quote the section in each of the cases.
Kindly also quote the section in each of the cases.
30 June 2009
S194H does not cover bank commission and brokerage
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