Tds


This query is : Resolved 

(Querist)
27 November 2014 U/s 194 A assesse is liable to deduct tds on companies other than companies falling under banking regulation act 1949, can anyone clarify on this issue that when to deduct tds

27 November 2014 Instances could be many. F.D interest, Bond Interest, Debenture interest exceeding the limit as specified in the said section.

Rupesh Jain (Expert)
28 November 2014 yes if you are individual and your sales over rs.100 lacs and partnership firm and company if pay the intt to company who are not banking company like. Mahindra fiannace, citi finance etc you paye the intt above rs.5000/-in a year the you have to deduct the tds.


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