CA Abhiram Bharat. (Assistant Manager Taxation) (508 Points)
23 November 2009a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 23 November 2009
2700*10.3% = Rs.278
| Originally posted by :Abhiram Bharat.... CA FINAL.. | ||
| " | a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment | " |
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 23 November 2009
CA Trinath Galla
(student)
(3130 Points)
Replied 23 November 2009
| Originally posted by :abhashmishra | ||
| " | 2700*10.3% = Rs.278 Originally posted by :Abhiram Bharat.... CA FINAL.. " a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment " |
" |
but interest amt is less than 10,000.
so tds is not attracted
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 23 November 2009
yes, trinath is correct in this context.......... no tds...........
Siva Kumar Somisetti
(Job)
(55 Points)
Replied 23 November 2009
| Originally posted by :Abhiram Bharat.... CA FINAL.. | ||
| " | a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment | " |
CA-ASPIRANT
(CA-STUDENT )
(650 Points)
Replied 24 November 2009
No matter of TDS because of provision of Rs. 10000/-.
If interest amount exceeds Rs.10000/- then TDS is attracted.
Mayank Shyamsukha
(CA FINAL)
(119 Points)
Replied 24 November 2009
The threshhold under section 194A is for Banking Companies is Rs. 10,000/-.
And Hence, NO TDS would be deducted
CAclubindia
