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TDS

This query is : Resolved 
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(Querist)
05 May 2011 Whether TDS needs to be done on decree awarded by Court infavour of party and intt.to be paid to the party thereunder ???
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
05 May 2011 if it relates to business and the assessee is getting deduction of the same, and of course the assessee is liable for tds, then he needs to deduct tax on such interest.

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