TDS On Interest of Private Bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2010
Our company status is PVT.LTD. and we have take the Business Loan from Financial Institutions (Private Non-Banking).Pls advise the below :-
1. If the TDS is Applicable on Interest Payment .
2. Then What will be TDS Deduction rate Applicable
1. If the TDS is Applicable on Interest Payment .
2. Then What will be TDS Deduction rate Applicable
14 August 2010
TDS is not to be deducted at the time of making interest payment to banks on loans.
Message likes :
1 times
14 August 2010
No TDS deduction is required If the amount is paid or credited to A banking company to which the Banking Regulation Act 1949 applies.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2010
if Bank Non Banking Company
14 August 2010
Then TDS to be deducted u/s 194A @ 10%
Message likes :
1 times
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
