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Applicability of TDS

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(Querist)
17 December 2008 Dear Sir/madam,

would you please tell me that the interest paid to Non finacial public insutitutions (kotak mahindra, inian bulls etc ).will attract the provisions of TDS.
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Ravikumar.G

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Ravikumar.G (Expert)
17 December 2008 Any banking company to which the Banking Regulation Act, 1949 applies no need to deduct TDS, otherwise TDS will be attracted.

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