Tds applicability

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C.A. Sandeep Wawhal (Querist)
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08 September 2011 Dear Experts,

Whether tds applicable on interest on Bills of Exchange.

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CMA Ramesh Krishnan (Expert)
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08 September 2011 My view,Interest on bill of exchange nature of bank interest so TDS not apply

C.A. Sandeep Wawhal (Querist)
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08 September 2011 Ramesh Sir, Party givind payment after deducting interest.

CA Raju Kumar Shaw (Expert)
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08 September 2011 Yes , TDS will be applicable on Interest on Bill of Exchange.

CMA Ramesh Krishnan (Expert)
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08 September 2011 as i replied my view only. but this issue is debatable,

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