Hi Friends.
I have a query on TDS. Can anyone please guide me on the applicability of TDS on the interest paid to MSME u/s 23 of the MSMED act.
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 27 October 2010
yes you have to deduct the tax for the interest paid to msme.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)