Tds on finance charges (non bank)
malyadri (Accountant) (33 Points)
19 January 2017
Sir,
Finance charges on vehicle loan from non banks is liable to deduct TDS
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 19 January 2017
Is the loanee liable to deduct TDS? Who is loner, any individual/NBFC?
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 19 January 2017
If loan taken form NBFC, then TDS is applicable on Interest payable u/s 194A
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