Sec 194 A
This query is : Resolved
CA Chintan Parikh
(Querist)
12 July 2011
Loan taken from
Kotak bank
Barcycle Bank
Reliance Bank
and Bajaja Finance
My question is Interest paid to following bank is liable for TDS U/s 194 A or not
if yes than given any decesion reference
But other bank is not NBFC
Kotak bank
Barcycle Bank
Reliance Bank
and Bajaja Finance
My question is Interest paid to following bank is liable for TDS U/s 194 A or not
if yes than given any decesion reference
But other bank is not NBFC
Sanjeeva Reddy
(Expert)
12 July 2011
Where the interest payments are made to any banking company then there is no requirement of TDS.
In the above case Bajaj Finance is a NBFC.
Payments made to it as Interest are laible for deducting tax at source.
In the above case Bajaj Finance is a NBFC.
Payments made to it as Interest are laible for deducting tax at source.
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