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Tds

This query is : Resolved 
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(Querist)
21 May 2013 IT IS REQUIRED TO DEDUCT THE TDS WHEN PAYMENT MADE TO PRIVATE BANK.
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Suresh Mittal

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Suresh Mittal (Expert)
21 May 2013 TDS is to be deducted if interest is paid to Non Banking Finance Companies. No TDS is to be deducted if payment if interest is made to any banking company.
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