04 July 2012
whether tds to be deducted on interest & remuneration to parners whether tds to be deducted on loan processing fee paid to non banking financial instituions can u please help me
04 July 2012
TDS is not required to be deducted on partners remunaration and on interest paid to them. Specifically provided in the tds sections.. also TDS shall be applicable on interest paid to non banking financials inst,