TDS ( Intt on Late Payment )

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Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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02 April 2008 Is TDS applicable for Intt on Late Payment?

CA Hemant T Dewani (Expert)
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02 April 2008 where you are paying intetest to party or to govt. if interest pay to govt no tds when you are paying late then int provi is applicable

CA Praveen Chopra (Expert)
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02 April 2008 Again you have to check,what is the nature of original payment on which you are going to pay intt.

Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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02 April 2008 Intt paid for Purchase of Vehcile by dealer,Subsequent Sales to Customer from Pricipal Ashok Leyland

Jitender (Expert)
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02 April 2008 yes,tds is applicable.

CA Praveen Chopra (Expert)
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02 April 2008 tds is applicable

CA. Kirti S. Ganatra (Expert)
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02 April 2008 Yes, TDS Applicable

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