TDS under section 194A
This query is : Resolved
11 April 2011
Whether Tax is deductible on payment of interest to Municipal Corporation and Market Committee?
pls reply as soon as possible
Thanx & Regards
pls reply as soon as possible
Thanx & Regards
13 April 2011
Municipal Corporation is exemted under section 196 so there is not need to deduct TDS u/s. 194A. Market committee if a part of MC then it also covered under 196 otherwise you need to deduct the TDS for MArket Comittee. Kindly ensure the legal title of Market Comittee first.
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