Question

crazy co. engaged in BPO services borrowed rs.10 crore
from soul Incurrred Singapore for which intrest payable 6%p.a
during P.Y 19-20 it had pay intrest of Rs. 50 lacs to soul incurred
how is TDS deductible on said intrest payment ?
Assume that it is not covered by sec 194 LB
or 194 LC
options:
a) 20.8%
b) 41.6% (c) 31.2% d) 10.4%​

Answer 1

Answer:

In this Article we have discussed about payments covered under the TDS mechanism and TDS rates, minimum amount upto which TDS is not deductible, Non deduction of TDS on request of deductee, Consequence of non deduction and Payment of TDS, when deductor will not be in-default despite non-deduction of TDS, due dates for filing of TDS Return, furnishing of TDS certificate, Applicability of TDS on Various Types of Payment, TDS in case of non-furnishing of PAN, Non reflection of TDS in form 26AS, Non-receipt of TDS Certificate, TDS on Land & Building Purchase and other related issues.