TDS on finance charges
This query is : Resolved
04 May 2008
Is TDS to be deducted on finance charges ie on interest paid on the loan amount
05 May 2008
Yes it has to be deducted . Under section 194 A. i.e. TDS on Interest other than securities.
05 May 2008
Yes it has to be deducted
05 May 2008
Not on interest on loan taken from Banks.
05 May 2008
YES UNDER SEC 194 A -TDS NEEDS TO BE DEDUCTED ON FIN. CHARGES (BANKS AND FIs EXCEPTED).
R.V.RAO
R.V.RAO
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