Tds on interest
This query is : Resolved
28 April 2012
We import RW and we pay through LC. We deduct TDS on LC interest. Is it correct. if yes plz. explain me can we deduct tds on foreign LC's. thanks in advance.
29 April 2012
Section 194A is not applicable, where interest credited or paid to any banking company. Hence TDS is not to be deducted.
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