Can any one please help me in knowing that
whether TDS is applicable on payment of Interest on loans(car,construction,equipment,etc) to HDFC bank....
Please help......
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Applicability of TDS on payment of interest to Banks
Replies (2)
Nice question. As per sec 194B of IT act, no tds to be deducted on payment made to any banking institution, cooperative societies and others exceptions as mentioned therein ( Refer Sec 194 B for detail)
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Tk Cr:)
My bank has deducted Rs 2080/- TDS on interest payment accruing in 2011-12 which is 10,400/-. Can I claim any refund in my IT return to be filed now? If yes, kindly intimate detailed procedure. Soodrkp
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