Hi,
We borrowed short term loan from Bank and interest for this loan about 150K bank is debited automatically from our Current Account. In this case, how do we deduct and pay TDS against Interest paid to bank.
thanks
mohanraj_vkj @ yahoo.co.in
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TDS for Bank Interest
Replies (4)
Tds not applicable...
Not required j mohan
TDS not applicable on interest payable to banks.
Thanks for your kind reply
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