TDS
This query is : Resolved
23 December 2009
Whether tax will be deducted at source u/s 194A on penal interest payment?
23 December 2009
Penal interest
It is the interest rate charged by the bank or lending institution from the borrower if he misses a repayment. It is also called the late payment penalty
if receiver is under govt. then no tds applicable. if you are paying to any private institute then TDS applicable.
It is the interest rate charged by the bank or lending institution from the borrower if he misses a repayment. It is also called the late payment penalty
if receiver is under govt. then no tds applicable. if you are paying to any private institute then TDS applicable.
23 December 2009
Agree
23 December 2009
AGREE
23 December 2009
agree rate @ 10% & 20%
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