Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2011
Whether interest on borrowings from LIC HOUSING FINANCE LTD by corporates to meet their working capital requirements, attract the provisions of section 194A of income tax act and tax has to be deducted at source?
If not please provide basis for your view
CA P.KUMAR
If not please provide basis for your view
CA P.KUMAR
25 October 2011
In my view "LIC HOUSING FINANCE LTD" is an financial corporation established by provincial act...I think amount paid to "LIC HOUSING FINANCE LTD" not covered in the scope of 194A...so no requirement of TDS on interest. Wait for suggestion of other experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- Regarding TAX regime
- TDS - Form 26QB - Installment - Final payment Query
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
