Tds on arbitration award
This query is : Resolved
22 June 2019
Arbitrator(Arbitration and Reconciliation Act 1996) awarded an amount of Rs.90 lakhs with interest as compensation in favour to a firm which agreed and worked on build own and operate basis.Now interest comes to Rs.60 lakhs. Is TDS applicable in this case.If applicable how can be deducted?
22 June 2019
194A TDS at 10% on interest and 194C 2% TDS on compensation to be deducted.
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