Easy Office
LCI Learning

Tds

This query is : Resolved 

20 April 2018 Hello,
Please suggest me that tds will dedute or not on Interest on term loan from Axis Bank. I am waiting your best suggestion.
Thank you

21 April 2018 Interest paid to any banking company to which Banking Regulation Act, 1949 applies is not subject to tax deduction.

21 April 2018 No need to deduct income tax because the payee is governed by Banking
Regulation Act,1949 to whom exemption is given in section 194A(3)(iii)(a)






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries