EASYOFFICE

Tds on interest charged by builder for making delay payment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 June 2014 hi all my client co has booked property in corporate bldg nw they had made late payment as schedule decided. now builder has charged interest amount to Rs 7,00,000 whether we have to deduct tds or not plz explain with section
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
01 June 2014 you need to deduct TDS on that interest u/s.194A, if the interest amount is exceeds Rs.5000

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links