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.
milind shirodkar (service) (81 Points)
02 December 2008WE ARE PAYING BILL DISCOUNTING CHARGES TO THE FINANCER ON BILLS DISCOUNTED.
WHETHER TDS IS APPLICABLE ON THIS AMOUNT. IF YES, THAN UNDER WHICH SECTION.
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
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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