tds on interest
This query is : Resolved
08 July 2010
our pvt. ltd. company was dealing in shares in 2009-10.
the broker charged interest of rs. 800,000/- from us on due from us.
are we liable for TDS.
if yes plz give any ref. if possible
the broker charged interest of rs. 800,000/- from us on due from us.
are we liable for TDS.
if yes plz give any ref. if possible
08 July 2010
Yes. If your file is under tax audit you will have to deduct TDS u/s 194A.
08 July 2010
You are liable to deduct tax u/s 194A of the Income Tax Act whether you fall under Tax Audit or Not.
08 July 2010
Sorry i made that tax audit point as i overlooked pvt. ltd. and thought it is for individual.
Anyways since you are paying interest it will attract TDS u/s 194A. It is applicable even if you pay to financial company.
Anyways since you are paying interest it will attract TDS u/s 194A. It is applicable even if you pay to financial company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
