Go AD-Free with CAclubindia Pro and get a FREE CCI Coffee Mug. Subscribe Now!

Loan syndication charges

Libin Mathew (Article Assistant) (37 Points)

10 June 2015

Is loan syndication charges are liable for tds ? If not why?

Reply
Follow
Share

2 Replies

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 10 June 2015

Any amount paid to bank tds is not applicable but tds will be applicable if you take the loan from a private parties like TATA capital and you pay such charges

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Aadrika (Finance Professional) (35 Points)
Replied 18 June 2015

If exercise of power of issuance of show-cause notice can be traced to a legitimate source, fact that same was purported to have been exercised under a different power does not vitiate show-cause notice itself.