TDS by the company on interest paid on loan taken
This query is : Resolved
09 July 2010
HI dear,
Shri Ram Chits Financial company (NBFC) has given a loan to the company on MOter Vehicle but the company while making the payments, principal and interest, but on interest they use to do TDS, as per Sec 194, is that valid?
Shri Ram Chits Financial company (NBFC) has given a loan to the company on MOter Vehicle but the company while making the payments, principal and interest, but on interest they use to do TDS, as per Sec 194, is that valid?
09 July 2010
YES ITS VALID. TDS NEED TO BE DEDUCTED U/S 194A.
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