Is tds required to be deducted us 194i on loan process fee.
This query is : Resolved
21 July 2014
is tds required to be deducted us 194I on loan processing fee charged by bank.
21 July 2014
sec 194I is for rent and not for what u described.
on loan processing fees sec 193a is applicable.
on loan processing fees sec 193a is applicable.
21 July 2014
sec 194I is for rent and not for what u described.
on loan processing fees sec 193a is applicable.
on loan processing fees sec 193a is applicable.
21 July 2014
sec 194I is for rent and not for what u described.
on loan processing fees sec 193a is applicable.
on loan processing fees sec 193a is applicable.
CA SUNIL K GARG
(Expert)
05 August 2014
loan processing fee is not interest , hence TDs will not be deducted , according to my view
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