Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
A has taken loan from bank.Due to inavailability of collateral ,a third party has provided collateral to bank on his behalf.a Fixed yearly amt is paid by A to the third party.whether TDS to be deducted on such payment
01 March 2013
No TDS on such transaction.........
01 March 2013
Agree with expert.... No tds should be deducted in above case.
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