one of our client is paying interest to delhi development authority. whather it is liable to deduct TDS????
3 Replies
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 07 July 2011
AS DDA IS GOVERNMENT DEPARTMENT . HENCE TDS SHOULD NOT BE DEDUCTED. RECTIFY ME IF I AM WRONG
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 08 July 2011
No need to deduct TDS by virtue of section 196
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