tds on interest
This query is : Resolved
03 August 2010
Payment of interest to bank on overdraft facilities is tds need to be deducted
03 August 2010
No..
No TDS is required on Interest payment to Bank.
No TDS is required on Interest payment to Bank.
Message likes :
1 times
03 August 2010
TDS not applicable on interest payment to banks.
Message likes :
1 times
03 August 2010
As per S. 194A, TDS is not deductible on interest payments to banking companies registered under Banking Regu Act
Message likes :
1 times
03 August 2010
AGREED, NO TDS ON INTEREST ON CC LIMIT/OVERDRAFT LIMIT / TERM LOAN BY BANKING COMPANIES REGSITERED UNDER BANKING REGUL ACT.
IF YOU ARE PAYING INTEREST ON TERM LOAN TO NBFC THEN TDS WILL BE DEDUCTED.
IF YOU ARE PAYING INTEREST ON TERM LOAN TO NBFC THEN TDS WILL BE DEDUCTED.
Message likes :
1 times
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Excess income received or excess expenses paid
- What is reason of its
- Is Input or receivable interchangeable words
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
