Tds sec 194a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2015
hello sir/madam...
one of our proprietor has taken loan from reliance for his proprietorship firm, he further gave loan to pvt ltd company.here the tds on interest paid by co. to proprietor is taken but no tds deducted for payment of interest from proprietor to reliance...please suggest reasons behind it.......
one of our proprietor has taken loan from reliance for his proprietorship firm, he further gave loan to pvt ltd company.here the tds on interest paid by co. to proprietor is taken but no tds deducted for payment of interest from proprietor to reliance...please suggest reasons behind it.......
20 January 2015
Interest paid by individual to Reliance may be exempt from TDS provisions due to applicability of section 194A(3)(iii)(f) of the Income Tax Act 1961. You may check with Reliance (assuming Reliance Money) that whether it has obtained any exemption under the aforesaid provisions or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Rent claimed on building given on permissive possession basis
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Grand in aid
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
