Applicability of TDS deduction on interest payment to Govt body

Madhukar (Service) (158 Points)

04 August 2023

Whether any interest payment of NHAI loan by it's SPV is said to be exempted from deduction of TDS under sec 196(iii) of IT act?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 04 August 2023

I think it is exempted

sabyasachi mukherjee (27574 Points)
Replied 04 August 2023

SPV - AS THE WORD STANDS FOR SPECIAL PURPOSE VEHICLE IS A UNIVERSAL ONE HAS A LOT OF EXEMPTIONS AVAILABLE FOR DEDUCTION OF TDS .
NHAI LOAN

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 04 August 2023

It's exempted

sabyasachi mukherjee (27574 Points)
Replied 06 August 2023

Need to know the basics.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 August 2023

Please give the details...

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