05 June 2014
How will tds be deducted on overdue interest directly charged by the payee and mentioned in the bill given by him to the payer ? Will tds be applicable on such amount as section 194C says that tds should be deducted on all sums paid or credited ?
Guest
Guest
(Expert)
05 June 2014
AT THE TIME OF PAYMENT OR AT THE TIME OF BOOKING ENTRY WHICH EVER IS EARLY.. U CAN DEDUCT TDS