T.d.s

This query is : Resolved 

18 January 2012 It is required to deduct T.D.S on(Interest on installment) payment made to kotak mahindra bank limited.

18 January 2012 No.
No tax is to be deducted at source if the amount is paid or credited to a banking company to which the Banking Regulation Act 1949 applies.

18 January 2012 Thank You sir.


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