tds
This query is : Resolved
12 September 2010
Expert,
Is tds applicable on the issue raised in the link as below:
https://www.caclubindia.com/forum/tds-on-car-finance-interest-from-nbfc-103936.asp
thanks
Is tds applicable on the issue raised in the link as below:
https://www.caclubindia.com/forum/tds-on-car-finance-interest-from-nbfc-103936.asp
thanks
13 September 2010
Yes TDS needs to be deducted.
Provided NBFC is not a banking company covered under the Banking Regulation Act, 1949.
TDS should be deducted @ 10% u/s 194A.
Provided NBFC is not a banking company covered under the Banking Regulation Act, 1949.
TDS should be deducted @ 10% u/s 194A.
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13 September 2010
if the repayment is done by EMI to a banking co. then tds is not applicable?
only for NBFC tds is to be deducted....am i correct?
only for NBFC tds is to be deducted....am i correct?
13 September 2010
Yes. You are correct.
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