any one please tell, whether tds is deductible on the interest paid to banks on the money borrowed????
TDS on interest on loan
CA Mukul Mittal (CA in practice) (384 Points)
18 August 2011
2 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 18 August 2011
TDS is not to be deducted from a banking company to which banking regulation act ,1949 applies.
Recent Topics
- Profit on Old car gst applicable
- Pvt Ltd Company for Sale (Software Agency)
- ITR FILED DEFECTIVE - FAILED TO SUBMIT THE ONLINE
- Table 6B of GSTR 9 FY 23-24
- Composition and Regular Same GSTIN
- Percentage of GST on Construction Service by the B
- Inward remittance in itr
- Taxability under income tax
- TDS on rent under Section 194 IB
- 26QB form correction via TRACES
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
