TDS on interest payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2009
Can I know the section under which TDS is to be deducted or not to be deducted when interest payment is made to overseas branch of SBI?
03 January 2010
TDS is not to be deducted when Interest payments are made to a banking company to which BRA 1949 applies.
Please Refer Section 194A(3)(iii)
Please Refer Section 194A(3)(iii)
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