Urgent - tds on buyers credit services
This query is : Resolved
06 March 2013
Urgnt
urgnt
If i have taken buyers credit and bank has charged for those services, which section of tds is applicable?
urgnt
If i have taken buyers credit and bank has charged for those services, which section of tds is applicable?
06 March 2013
Hi,
Please refer section 195. Tax should be deducted accordingly. But this provisions are not applicable to interest paid or credited to Foreign Branch of Indian Banks. Hence, Tax should be deducted only when it is being paid to Foreign Banks.
Please refer section 195. Tax should be deducted accordingly. But this provisions are not applicable to interest paid or credited to Foreign Branch of Indian Banks. Hence, Tax should be deducted only when it is being paid to Foreign Banks.
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