Tds on payment of usance interest
This query is : Resolved
12 February 2015
Dear sir
Kindly advise us, is it necessary to deduct cess alongwith TDS on payment of usance interest to NRI.
Kindly advise us, is it necessary to deduct cess alongwith TDS on payment of usance interest to NRI.
13 February 2015
What is usance interest?
Cess not applicable on TDS u/s 194A. Only TDS @ 10% to be deducted. If PAN not provided rate will be 20%.
Cess not applicable on TDS u/s 194A. Only TDS @ 10% to be deducted. If PAN not provided rate will be 20%.
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