Applicability of tds on lc/ bills discounted
This query is : Resolved
SRINATH sahu
(Querist)
05 January 2013
Dear Sir
Our bank negotiate our inland LC and charged negotiation charges and interest on usance period
let me know that tds is applicable
also let me know that applicability of TDS on monthly interest charged by bank on working capital limit
Our bank negotiate our inland LC and charged negotiation charges and interest on usance period
let me know that tds is applicable
also let me know that applicability of TDS on monthly interest charged by bank on working capital limit
CA Prashant Gupta
(Expert)
05 January 2013
No, TDS is not applicable
and for general Q, how can you deduct TDS when you are not paying, they deduct that from you account :)
and for general Q, how can you deduct TDS when you are not paying, they deduct that from you account :)
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