Whether TDS is required to deduct on Interest on Loan taken from Bank or any Finance Company like Reliance, Bajaj etc. and what will be rate of that
Menu
Reg TDs on Loan from Bank/Finace Com.
Replies (2)
YES TDS have to deduct on interest u/s 194A.
TDS applicable for loan other than banks, sec 194 A @ 10%
if they are exempted from tds , then they will produce certificate for non deduction or deduction at lower rate, issued by income tax department.
Recent Threads
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
Related Threads
CAclubindia
