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Applicability of TDS deduction on interest payment to Govt body
Whether any interest payment of NHAI loan by it's SPV is said to be exempted from deduction of TDS under sec 196(iii) of IT act?
Replies (5)
I think it is exempted
SPV - AS THE WORD STANDS FOR SPECIAL PURPOSE VEHICLE IS A UNIVERSAL ONE HAS A LOT OF EXEMPTIONS AVAILABLE FOR DEDUCTION OF TDS .
NHAI LOAN
NHAI LOAN
It's exempted
Need to know the basics.
Please give the details...
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