Interest payment by one division to other division

TDS 89 views 1 replies

Hello My question is :

If division B of a company pays Interest to division A for funds used of division A, will this transaction attract provisions of TDS?

If yes, whats the other way to account this transaction so that TDS is not applicable.

Thanks in Advance

Krutika

Replies (1)
Is both are single registration...?
If Yes... It's not applicable and No way for Interest chargeable.


CCI Pro

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