TDS
This query is : Resolved
23 May 2011
is TDS deductible on payment of Int on overdraft ?????
is TDS deducted on int paid to banks on loans taken????
is TDS deducted on int paid to banks on loans taken????
23 May 2011
TDS is not applicable on interest paid by the assessee to banks.
23 May 2011
No TDS deduction is required if interest is paid to any banking company to which the Banking Regulation Act 1949 applies.
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