TDS Required u/s 195 for Advance Payments, Regardless of Whether Compensation is Called Interest or Discount.

TDS Required u/s 195 for Advance Payments, Regardless of Whether Compensation is Called Interest or Discount. https://www.taxtmi.com/highlights?id=21365 TDS u/s 195 - on receiving advance payment, one may compensate the maker of advance payment by way of allowing interest or the same benefit can be given the name of discount but merely because a different nomenclature has been given, it does not change its character - TDS was deductible u/s 195 - AT en-us Fri, 09 Jan 2015 11:00:47 +0530 Fri, 09 Jan 2015 11:00:47 +0530 TaxTMI RSS Generator TDS Required u/s 195 for Advance Payments, Regardless of Whether Compensation is Called Interest or Discount. https://www.taxtmi.com/highlights?id=21365 TDS u/s 195 - on receiving advance payment, one may compensate the maker of advance payment by way of allowing interest or the same benefit can be given the name of discount but merely because a different nomenclature has been given, it does not change its character - TDS was deductible u/s 195 - AT Highlights Income Tax Fri, 09 Jan 2015 11:00:47 +0530 https://www.taxtmi.com/highlights?id=21365