WE ARE PAYING BILL DISCOUNTING CHARGES TO THE FINANCER ON BILLS DISCOUNTED.
WHETHER TDS IS APPLICABLE ON THIS AMOUNT. IF YES, THAN UNDER WHICH SECTION.
5 Replies
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 03 December 2008
Yes, tds applicable u/sec 194A on interest paid on bill discouting from private party only.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 03 December 2008
Yes, tds applicable u/sec 194A on interest paid on bill discouting from private party only.
RAJU
(LEARNER)
(1089 Points)
Replied 03 December 2008
| Originally posted by :C.A Amit Daga | ||
| " | Yes, tds applicable u/sec 194A on interest paid on bill discouting from private party only. | " |
Sir,
Whether bank charges/processing charges that banks charge to the account holders are liable for deduction of tax at source U/s.194C. If not, why? Since tax is deductible if the payments are made for `any work`, why can't this be included under the purview
Rgds/Dharmaraju
Mallikarjun
(SERVICE)
(35 Points)
Replied 03 December 2008
Dear Mr.Amit,
What are TDS due dates for paying the tds
(Guest)
can u give any reference ...
| Originally posted by : CA. Amit Daga | ||
 |
Yes, tds applicable u/sec 194A on interest paid on bill discouting from private party only. |
 |
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