fixed assets financed by Bajaj finserv...
whether TDS is to be deducted on interest paid to Bajaj finserv???
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TDS ON INTEREST 194A
Replies (8)
Yes You have to deduct the TDS @ 10% and remitt to the dept
okay sir...
but how can we reimburse it... because it is out of pocket expense
but how can we reimburse it... because it is out of pocket expense
Yes TDS is deductible on the interest amount paid to Bajaj Finserv..
thanks @ Renu & @ vinay sir/madam
In one of my client case bajaj finserv is actually paying the TDS amount but next year till then we keep it under TDS receivable..
you ment to say we need show TDS Receivable And it will adjust at the end of the last installment....
if am not wrong
if am not wrong
No Bajaj Finserv has claimed the TDS amount and then actually reimbursed the TDS amount in different bank account (for the F.Y. 15-16 it has reimbursed the TDS amount in 16-17)
okay got it...
thanks a lot for your Reply
thanks a lot for your Reply
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