Dear Friends
I Sell Goods To My XYz Pvt Ltd. On 60 Days Credit Period.
After 10 Days He Paid Amount From His CC A/c And Charges 10% .
My Question Is I Have to Deduct Tds U/s 194A On Interest Paid To XYZ Pvt Ltd
1 Replies
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 30 April 2014
in my view you need not to deduct TDS because this short payment is a kind of cash discount
but others view also desireable
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