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
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)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
