Tds on remuneration & interest on capital to partners
This query is : Resolved
Sowmya.S.Balan
(Querist)
04 July 2012
whether tds to be deducted on interest & remuneration to parners
whether tds to be deducted on loan processing fee paid to non banking financial instituions
can u please help me
whether tds to be deducted on loan processing fee paid to non banking financial instituions
can u please help me
CA. Hari Kishan
(Expert)
04 July 2012
TDS is not required to be deducted on partners remunaration and on interest paid to them. Specifically provided in the tds sections.. also TDS shall be applicable on interest paid to non banking financials inst,
CA CS Amit S. Kedia
(Expert)
04 July 2012
There is no TDS on loan processing Fees as it does not fall in any of the section of the TDS chapter.
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