When a govt. company (A Ltd) is paying interest to the government for the loan taken by A Ltd, then should A Ltd, Deduct Tax at Source on the interest payment made by the company (A Ltd)?... Please support your answers... very urgent.....
Menu
TDS on interest to Government
Replies (2)
Pls once again ask question with clarity. if you pay interest to either Govt. Of. India, or any other state Govt. There is no need to deduct tax.
Any Payments made to State Governments or to Central Government there is no need to Deduct tax at source.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
