194A applicability
NARAYAN CHANDRA BHOWMIK (50 Points)
10 May 2021
Whether TDS is applicable on payment of interest to a lender Company who is subsidiary of a Banking Company-Please advise
5 Replies
Dhruv Jariwala
(13 Points)
Replied 10 May 2021
No TDS will be deducted if any interest other than from securities is paid or credited to any banking co.
sabyasachi mukherjee
(27732 Points)
Replied 10 May 2021
Generally while paying TDS ON INTEREST ON LOAN WE DEDUCT TDS @ 10%payable to an assesse.
Sec 194 A.
Sec 194 A.
Lotus Agrawal
(Practice)
(1361 Points)
Replied 10 May 2021
If banking company, then No tds shall be deducted.
sabyasachi mukherjee
(27732 Points)
Replied 10 May 2021
Not necessarily there are seperate provisions for that..
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