Deduction of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
is interest paid on loan for commercial vehicle to NBFC liable to deduction of TDS?
16 July 2012
I think , no need to deduct TDS on intt paid on loan from any bank or financial institution.
16 July 2012
The TDS is to be deducted as its interest payment to Non Banking Finance Co. and not to Bank
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