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Tds on payment of interest, Income Tax

Issue Id: - 807
Dated: 9-6-2008
By:- Anup Kumar Grover

Tds on payment of interest


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Whether TDS required to be deducted on payment of interest to financial companies like Reliance Capital, Chhollamandlum DBS Finance, Indiabull Financial Services Ltd

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1 Dated: 11-6-2008
By:- V Ramanujam

If the amount paid is 'interest' on loans obtained from the financial companies, the same would attract TDS u/s 194A of the Income tax Act.


Page: 1

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