Tds applicability
This query is : Open
C.A. Sandeep Wawhal
(Querist)
08 September 2011
Dear Experts,
Whether tds applicable on interest on Bills of Exchange.
Most urgent
Whether tds applicable on interest on Bills of Exchange.
Most urgent
CMA Ramesh Krishnan
(Expert)
08 September 2011
My view,Interest on bill of exchange nature of bank interest so TDS not apply
C.A. Sandeep Wawhal
(Querist)
08 September 2011
Ramesh Sir, Party givind payment after deducting interest.
CA Raju Kumar Shaw
(Expert)
08 September 2011
Yes , TDS will be applicable on Interest on Bill of Exchange.
CMA Ramesh Krishnan
(Expert)
08 September 2011
as i replied my view only. but this issue is debatable,
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