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TDS

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(Querist)
21 July 2011 can any one tell me in case of bank who gave a loan to the company, company deduct TDS on interest payble to bank.then bank comes under which type of deductee: 1 company or
2 other than company

plz reply ASAP

thanks in advance.
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
21 July 2011 TDS is not applicable on interests paid to banks and financial institutions.
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Pankaj Tiwari

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Pankaj Tiwari (Querist)
21 July 2011 thanks a lot sir 4 this information.




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