Sir,
We Book Secured Loan Interest Rs. 150000/- Party Name PNB Finance as on March 2008. this organisation belong to Govt. so can you tell me TDS Deducted on this amount Yes & Not.
Thanking You
Uttam Sharma
Sir,
We Book Secured Loan Interest Rs. 150000/- Party Name PNB Finance as on March 2008. this organisation belong to Govt. so can you tell me TDS Deducted on this amount Yes & Not.
Thanking You
Uttam Sharma
No
I think it is the exception for non deduction for payment to the Govt. Institution.
since you are paying it to govt hence no deduction of TDS is required
Rahul Dang & Associates-Chartered Accountants
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