Tds on intt payment to iocl on advances
This query is : Resolved
12 April 2012
We are contractor in refinery line.
Our company received advance against work.
IOCL charges intt on advance & we make payment of intt amount to IOCL.
My query is that whether we need to deduct TDS on intt (194A) payment to iocl.
Help me.
Our company received advance against work.
IOCL charges intt on advance & we make payment of intt amount to IOCL.
My query is that whether we need to deduct TDS on intt (194A) payment to iocl.
Help me.
15 April 2012
yes. TDS applicable on interest payment to IOCL
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