Tds deduction
This query is : Resolved
krishana mundhra
(Querist)
16 June 2014
Any person is liable to deduct TDS on interest on late payment for goods under 194A.. ?
Nikhil Kaushik
(Expert)
16 June 2014
payment of interest on trading liabilities is not covered under definition of Interest under section 2(28A). please refer judgment of Ahemdabad bench of ITAT in ITO v. Parag Mahasukhlal Shah [2011] 46 SOT 302
Nikhil Kaushik
(Expert)
16 June 2014
payment of interest on trading liabilities is not covered under definition of Interest under section 2(28A). please refer judgment of Ahemdabad bench of ITAT in ITO v. Parag Mahasukhlal Shah [2011] 46 SOT 302
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