Tds on interest paid to bank
This query is : Resolved
23 August 2012
Bank charges paid by the company to the bank on various services provided by the bank are subject to TDS ?
Guest
Guest
(Expert)
23 August 2012
TDS ont applicable on payments made to banks.
Guest
Guest
(Expert)
23 August 2012
*not applicable
23 August 2012
No you don't need to deduct Tds while making payment to bank
07 October 2021
Banks are exempted from such deductions, but not NFBCs.
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