dear freinds,
i have question to ask you.there is a one company where they have raised long term loan of about 90 lacs state bank of patiala & they pay interest of about rs.11 lacs on it.i think we need to deduct tds on it or don't we have to????need u reply.urgent.
thank you.
is tds deducted on interest paid on secured loans received from non banking financial institutions
My company taking a personal/business loan for GE Money Financial Services limites. if My company liable for deduction on tax from interst portion of Unsecured loan taking from GE money financial .
TDS On Unsecured Loan come under sec 194A or not
| Originally posted by :Guest | ||
| " | My company taking a personal/business loan for GE Money Financial Services limites. if My company liable for deduction on tax from interst portion of Unsecured loan taking from GE money financial . |
" |
Dear Shankar!
Section 194A has a long lists of exempted category of instituions, and various individual entities have also been notified as exempt from the operations of tds U/S. 194a. Besides this, various financial instituions are also regularly obtaining NIL deduction certificate under Section 197 for the interest payments to be received in any particular financial year.
Barring these cases, ineterst paid to all other entities have to be subjected to TDS u/s. 194A.
Good Bye! Cheers!!
Freight is part of the local Sales VAT Tax(Karnataka) Assable value.
which section come under this class. pls tell me sir.
| Originally posted by :SHANKAR | ||
| " | Freight is part of the local Sales VAT Tax(Karnataka) Assable value. which section come under this class. pls tell me sir. |
" |
hello sir.
we can take loan from Religare finance. but we payment through by surety person. for example: A laon takeing from B. C surety of this loan. now A paid to C and C paid to B. now C Deducted TDS or Not.
please solve my problem
CAclubindia
