Interest under cc limit
This query is : Resolved
05 May 2014
Dear sir,
Our is a Pvt.ltd Company We had Bank cc Limit Bank Will Deduct Interest on Every Month on our Outstanding Balance We Need to Give TDS certificate to Bank
Our is a Pvt.ltd Company We had Bank cc Limit Bank Will Deduct Interest on Every Month on our Outstanding Balance We Need to Give TDS certificate to Bank
05 May 2014
yes in case under sec 193 or 194a WHICHEVER is applicable to u in this case.
05 May 2014
we you have a/c with bank then no tds deduction required. if you have a/.c with NBFC (non banking financial company) then you have to deduct tDS u/s 194A @ 10%
05 May 2014
No need to deduct TDS if interest paid to a banking company to which the Banking Regulation Act 1949 applies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
