Interest payment by one division to other division

Krutika Khedkar (Chartered Accountant) (77 Points)

03 October 2018  

Hello My question is :

If division B of a company pays Interest to division A for funds used of division A, will this transaction attract provisions of TDS?

If yes, whats the other way to account this transaction so that TDS is not applicable.

Thanks in Advance

Krutika