TDS ( Intt on Late Payment )
This query is : Resolved
02 April 2008
Is TDS applicable for Intt on Late Payment?
CA Hemant T Dewani
(Expert)
02 April 2008
where you are paying intetest to party or to govt. if interest pay to govt no tds when you are paying late then int provi is applicable
CA Praveen Chopra
(Expert)
02 April 2008
Again you have to check,what is the nature of original payment on which you are going to pay intt.
02 April 2008
Intt paid for Purchase of Vehcile by dealer,Subsequent Sales to Customer from Pricipal Ashok Leyland
CA Praveen Chopra
(Expert)
02 April 2008
tds is applicable
CA. Kirti S. Ganatra
(Expert)
02 April 2008
Yes, TDS Applicable
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