Section 194aa urgent
Querist : Anonymous
While adducting TDS on NBFC u/s 194A for interest. Whether TDS also to be deduct on file charges and processing fees if yes under which section.
Thanks
ASAP
section 2(28A) - "interest" means interest payable in any manner in respect of any moneys borrowed or debt incurred (including a deposit, claim or other similar right or obligation) and includes any service fee or other charge in respect of the moneys borrowed or debt incurred or in respect of any credit facility which has not been utilised ;
It includes service fees etc too
Querist : Anonymous
Querist : Anonymous
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