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
CA Mukul Mittal (CA in practice) (384 Points)
18 August 2011any one please tell, whether tds is deductible on the interest paid to banks on the money borrowed????
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.
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