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194A applicability
Whether TDS is applicable on payment of interest to a lender Company who is subsidiary of a Banking Company-Please advise
Replies (5)
No TDS will be deducted if any interest other than from securities is paid or credited to any banking co.
Agreed
Generally while paying TDS ON INTEREST ON LOAN WE DEDUCT TDS @ 10%payable to an assesse.
Sec 194 A.
Sec 194 A.
If banking company, then No tds shall be deducted.
Not necessarily there are seperate provisions for that..
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