Easy Office
LCI Learning

Urgent - tds on buyers credit services

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 March 2013 Urgnt

urgnt

If i have taken buyers credit and bank has charged for those services, which section of tds is applicable?
Profile Image

CA Parth Shah

Profile Image

CA Parth Shah (Expert)
06 March 2013 Hi,

Please refer section 195. Tax should be deducted accordingly. But this provisions are not applicable to interest paid or credited to Foreign Branch of Indian Banks. Hence, Tax should be deducted only when it is being paid to Foreign Banks.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links