TDS
This query is : Resolved
29 June 2009
A private bank is charging interest, commission and other charges on certain transactions and deposits.
Are these payments subject to the provisions of TDS.
If Yes, how will it be deducted as Debits are made directly by the bank in our account.
Are these payments subject to the provisions of TDS.
If Yes, how will it be deducted as Debits are made directly by the bank in our account.
29 June 2009
Hi Hemant,
TDS not applicable on interest paid to bank loan.
TDS not applicable on interest paid to bank loan.
29 June 2009
Please also tell in the case of commission , brokerage and other charges .
Kindly also quote the section in each of the cases.
Kindly also quote the section in each of the cases.
30 June 2009
S194H does not cover bank commission and brokerage
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Tax liability on income of freelancer
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
