TDS

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tarunjjain

tarunjjain (Querist)
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08 April 2009 WHETHER TDS APPLICABLE ON BIIL DISCOUNTING INCOME ?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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08 April 2009 Yes. TDS is applicable. Because either you charge interest or service chareges.

If you charge it as service charge then contract 194c will apply.

If you charge it as interest then tds on interest will apply.

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