Tds should be deducted or not
This query is : Resolved
13 June 2014
Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles.Interest paid to Kotak Maheindra PRime Ltd so plz tell me whether tds should be duducted or not
Nikhil Kaushik
(Expert)
13 June 2014
yes...assuming you are not an individual or HUF (with less than 44AB turnover limits), you should deduct TDS..
Rupesh Jain
(Expert)
13 June 2014
yes tds will be deductable u/s 194A for interest other than security . if your book of account will audit u/s 44AB.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Gift to nri relatives resides in usa
- Applicability of tax on invoice
- Import of Capital Machine
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- Rent agreement of House of deceased person
- Rectification under processing even after 6 months cpc portal
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
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
