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TDS on Int to Govt. / semi Govt. org

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2010 We need to pay interest to Karnataka Indutrial Area Devp.Board.

Whether provisions of TDS applicable in this case ?

Rgds
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 August 2010 TDS in not applicable on payments made to Government(Central Govt or State Govt.)

TDS is applicable on Government Organizations i:e Public Sector Companies.

So check under which category they are falling.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
09 August 2010 Agreed with CMA Sanjay.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
09 August 2010 agreed, no TDS deduction from Govt.

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