Applicability of TDS
This query is : Resolved
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.
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.
17 December 2008
Yes, you have to deduct TDS, if they have not taken exemption certificate
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.
CA Tilak Raj Sharma
(Expert)
17 December 2008
Yes, TDS will be applicable (Sec. 194A)
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