Tds on interest
This query is : Resolved
sankar ponnan
(Querist)
29 July 2020
Sir
Paying the TDS on the interest paid to Non-Banking financial Institutions for purchase of trucks is must?
(1) if it is yes, is there any exemption for non-payment of tds?
(2) if there is no exemption, can we pay tds for the year 2019-20 in single payment now ?
Paying the TDS on the interest paid to Non-Banking financial Institutions for purchase of trucks is must?
(1) if it is yes, is there any exemption for non-payment of tds?
(2) if there is no exemption, can we pay tds for the year 2019-20 in single payment now ?
CA R SEETHARAMAN
(Expert)
29 July 2020
1 yes. No exemption.
2 yes with interest.
2 yes with interest.
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