Dear Friends,
My cleint is paying interest to Reliance Capital Ltd and Kotak Primus ltd. I have the opinion that the TDS needs to be deducted on interest payment as it exceeds Rs 5000. Since these companies are not listed in 194 A as financial institutions it has to be deducted.
Can any body get citation for the same from courts. If i am wrong please clarify
Thanks
I am a CIO and a British Citizen. If I sell my property in India to a resaident Indian, can he with hold TDS amount from the sale amount?
R P S K & Associates
Nashik
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
