tds on interest
This query is : Resolved
12 June 2010
if creditors charged debit note on late payment. so this amount deductible under tds on interest
Shyam Lal Naik
(Expert)
12 June 2010
In my view, the charges are nothing but additional interest/penal interest.
194A attracted.
More opinion solicited.
194A attracted.
More opinion solicited.
CMA Ramesh Krishnan
(Expert)
12 June 2010
My view also the same sec.194A will apply
Aditya Maheshwari
(Expert)
12 June 2010
Section 194A will be applicable on delayed payment charges paid to creditors.
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