Tds
This query is : Resolved
16 August 2011
is there any liability to deduct TDS on any interest payment to any FI (not asking abt banks)...
16 August 2011
yes. TDS need to be deducted for paying interest to financial institutions, unless they have specific exemption
Message likes :
1 times
17 August 2011
thank you sir...can u plz tell, wht is specific exemption..
17 August 2011
thank you sir...can you plz tell, what is that specific exemption
17 August 2011
thank you sir...can you plz tell, what is that specific exemption
17 August 2011
Vide Section 194A(3)(iii)f
Government has notified on time to time, certain institutions, and prescribed that TDS will not be required to be deducted in case of any interest payment is made to such institutions.
These institutions are like Govt. owned institutions, corporations etc.
.
In case of payment of interest to Non Banking Finance Companies, TDS is required to be deducted.
Government has notified on time to time, certain institutions, and prescribed that TDS will not be required to be deducted in case of any interest payment is made to such institutions.
These institutions are like Govt. owned institutions, corporations etc.
.
In case of payment of interest to Non Banking Finance Companies, TDS is required to be deducted.
Message likes :
1 times
17 August 2011
ok sir...really yoyu all are very informative...i love caclubindia..
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Computation of Dividend
- Amount Received in Trust Account
- Multiple GST under same PAN
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Itr processing delay
- TDS on land property purchase Form-141 related query
- Trust case
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
