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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2010 TDS is to be deducted on Interest payable to United India Insurance Co.Ltd. if yes what is the rate?The company has issued the debentures to Standard Charteed Bank and in lieu of this it is investing such amount in gratuity fund and plc like.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
19 January 2010 Refer :>>> https://www.caclubindia.com/albums/thumbs/25603_379901555_3949_tds%20v1.jpg >>>
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 January 2010 Interest credited to a company or co-operative society carrying on the business of Insurance not attract Sec.194A
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