TDS on Interest

TDS 2104 views 5 replies
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in service
142 Points Joined October 2008

Hi All,


I am working in a pvt. Ltd. Co. My company has availed unsecured business loan from Tata Capital Limited. Can anybody please guide me for whether to deduct TDS on interest portion of EMI. OR Interest paid on loan to Tata Capital is exempted from TDS being NBFC.

Please reply as i've recd. a letter from tata capital as general reminder to deposit the tax deducted and issue TDS certificate on relevant dates.

thanks,

Sandeep

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On 28 February 2011 at 16:19 Report
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glidor@gmail.com
21068 Points Joined January 2010

TDS applicable

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On 28 February 2011 at 16:23
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Learner
3134 Points Joined September 2009

 

You have to deduct tds on interest portion of Loan paid to tata capital ltd. u/s 194A.

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On 28 February 2011 at 16:24
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Accountant
22 Points Joined March 2011

Hi


I am working in a pvt. Ltd. Co. My company has availed unsecured business loan from Tata Capital Limited. Can anybody please guide me for whether to deduct TDS on interest portion of EMI. OR Interest paid on loan  TDS Applicable of not

  .

thanks,

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On 17 March 2011 at 18:04
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Learner
3134 Points Joined September 2009

TDS will applicable u/s 194A @ 10% for interest paid to TATA CAPITAL ....

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On 18 March 2011 at 09:37
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artical assistant
22 Points Joined March 2011

Hi,

Can i have the copy of the notification of the  TDS as applicable u/s 194A 

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On 07 July 2012 at 15:05


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