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
13 June 2014
yes...assuming you are not an individual or HUF (with less than 44AB turnover limits), you should deduct TDS..
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.
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