My brother has taken a housing loan from India Bulls Housing Finance. The cost of the property is 25 lacs. Does he need to deduct TDS while making EMI payment to them? I have referred google and come to know that the Banks have been exempted from TDS deduction by borrower in case of housing loans, but i was not able to find similar guidelines w.r.t to Housing Finance Companies. Pl guide. Thanking you in advance.