07 February 2013
i have paid interest to reliance capital limited. whether tds is to be deducted on interest paid by me. whether there is any circular regarding non deduction of tds. so please let me know. its urgent. help me.
08 February 2013
First u need to check whether tax is deductible under 193 or 194A. In case of Reliance capital, unless otherwise it is exempted by Central Govt, tax has to be deducted on interest paid to it.
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