banner_ad

tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 June 2011 dear sir,

please tell me interest paid to kotak mahindra prime ltd and reliance capital ltd for financing of vehicles, wheather tds is required to deducted on interest paid to above companies.if yes then also specify the interest rate for late payment of tds.
Profile Image

CA KRISHNA KUMAR DARUKA

Profile Image

CA KRISHNA KUMAR DARUKA (Expert)
08 June 2011 Yes TDS has to be deducted from interest paid to them. Interest on late payment of TDS is 1.5% per month from the date of deduction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details