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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Import of Software Service.
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
