Tds
This query is : Resolved
14 July 2016
Now i am doing an audit.
In that they have 2 term loans, For a TL they are paying only interest every month and the bank is deducting TDS for it, but for other TL they are paying EMI consisting both principal and interest as well. In the second case bank is not deducting TDS. Please help me is there any provision regarding this..?
In that they have 2 term loans, For a TL they are paying only interest every month and the bank is deducting TDS for it, but for other TL they are paying EMI consisting both principal and interest as well. In the second case bank is not deducting TDS. Please help me is there any provision regarding this..?
14 July 2016
Sorry.........you say that BANK is deducting????? Bank need NOT deduct anything except on the interest on Fixed Deposits
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
