TDS ON PURCHASE OF TDR AMOUNTING TO 1CR


This query is : Resolved 

Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) on a Term Deposit Receipt (TDR) purchase of 1 crore. TDS is not levied on the principal amount of the TDR itself, but rather on the interest earned. Additionally, TDS at a rate of 10% under section 194IC is applicable to the 'transfer of development right'.

03 March 2020 IS TDS APPLICABLE ON PURCHASE OF TDR AMOUNTING TO RS 1CR? AND AT WHAT PERCENT?

03 March 2020 Tds is not applicable on making TDR.. Tds is applicable on interest portion.

04 March 2020 TDS is applicable on 'transfer of development right' @10% per section 194IC.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details