Tds deduct

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MANAGER ACCOUNTS
187 Points Posted on 13 June 2020
dear all

can we deduct tds on interest paid to bank on loans

please advise
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On 13 June 2020 at 19:35 Report
Replies (3)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) needs to be applied to interest paid to banks on loans. The consensus from the participants is that TDS is not required on such interest payments, and therefore, no deduction is necessary.

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193 Points Posted on 13 June 2020
Not required. It is exempted from deduction
1 Reply
On 13 June 2020 at 21:15
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Student
1321 Points Posted on 14 June 2020
No you are not liable to deduct tax at source.
1 Reply
On 14 June 2020 at 17:04
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article Assistant
1644 Points Posted on 21 June 2020
No need
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On 21 June 2020 at 00:45

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