TDS on Interest other than Interest on securities
This query is : Resolved
29 March 2011
Sir,
Will you plz tell me whether TDS provisions are attracted in case of payment of Interest to Finance Companies like Tata Capital Ltd, Reliance Capital, etc.
Will you plz tell me whether TDS provisions are attracted in case of payment of Interest to Finance Companies like Tata Capital Ltd, Reliance Capital, etc.
29 March 2011
YES, TDS PROVISIONS ARE APPLICABLE BUT SUBJECT TO ABOVE ARE NOT COVERED UNDER BANK OR FINANCIAL INSTITUTION
29 March 2011
TDS Applicable
29 March 2011
TDS will be applicable to above entity since they are not covered under banking regualion rather some IRDA or any other rules and regualtion
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