Tds applicability
This query is : Resolved
03 May 2017
Dear Sir,
I Have taken loan from various bank and Non Banking Financial institution and also paid more than 25 Lakh Interest All amount of loan used for purchase of Agricultural land, weather compulsory deduct TDS on which interest paid to NBFC, I am under Audit and Also i am taken TAN No,
I Have taken loan from various bank and Non Banking Financial institution and also paid more than 25 Lakh Interest All amount of loan used for purchase of Agricultural land, weather compulsory deduct TDS on which interest paid to NBFC, I am under Audit and Also i am taken TAN No,
04 May 2017
Yes TDS is required to be deducted on interest paid to NBFC since your are under audit.
05 May 2017
Yes, you have to deduct TDS in interest paid to NBFC. However, no tds on interest paid to Banking institutions.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
