tds on interest paid to HUDCO
This query is : Resolved
CA Vikas Agrawal
(Querist)
13 July 2010
is interest paid to Hudco & LIC Housing Finance is liable for deducting of tds u/s 194A becuase it is not a banking company?
13 July 2010
Yes, Payment ot NON-Banking Company, will be liable for deduction of TDS.
We have taken a machine on hire-purchase agreeement with a company which is non-banking , we have deducted tds on EMI.
Please click on below link for the same
https://www.thehindubusinessline.com/2010/02/13/stories/2010021350930400.htm
We have taken a machine on hire-purchase agreeement with a company which is non-banking , we have deducted tds on EMI.
Please click on below link for the same
https://www.thehindubusinessline.com/2010/02/13/stories/2010021350930400.htm
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