TDS on payment to GIDC
This query is : Resolved
Navin M Patel
(Querist)
17 February 2010
Dear Sir,
Our company has paid interest to Gujarat Industrial Development Corporation (GIDC) on account of late payment.
Is TDS applicable on interest paid to GIDC?
Navin Patel
Our company has paid interest to Gujarat Industrial Development Corporation (GIDC) on account of late payment.
Is TDS applicable on interest paid to GIDC?
Navin Patel
17 February 2010
If GIDC is government organisation then no other wise yes
CMA Ramesh Krishnan
(Expert)
17 February 2010
Agree.If it is Corporation esatablished by or under central act- no need to deduct other wise need to deduct
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