Tds on paid loan processing fee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2014
Is TDS to be deduct on processing fee paid to financial institutions like assets restructuring company
04 March 2014
if paid to banks then not by virtue of section 194A read with section 2(28A).
if paid to ARC, NBFCs, then yes, TDS is deductible.
if paid to ARC, NBFCs, then yes, TDS is deductible.
04 March 2014
yes to ARC then tds is deductible.
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