TDS on payment to GIDC

This query is : Resolved 

17 February 2010 Dear Sir,

Our company has paid interest to Gujarat Industrial Development Corporation (GIDC) on account of late payment.

Is TDS applicable on interest paid to GIDC?

Navin Patel

17 February 2010 If GIDC is government organisation then no other wise yes

17 February 2010 Agree.If it is Corporation esatablished by or under central act- no need to deduct other wise need to deduct




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