TDS ( Intt on Late Payment )

This query is : Resolved 

02 April 2008

Is TDS applicable for Intt on Late Payment?

CA Hemant T Dewani (Expert)
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)
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)
02 April 2008

Intt paid for Purchase of Vehcile by dealer,Subsequent Sales to Customer from Pricipal Ashok Leyland

Jitender (Expert)
02 April 2008

yes,tds is applicable.

CA Praveen Chopra (Expert)
02 April 2008

tds is applicable

CA. Kirti S. Ganatra (Expert)
02 April 2008

Yes, TDS Applicable

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