TDS

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(Querist)
29 August 2009 Whether TDS to be deducted on Gold Loan Interest remitted to a NBFC company?

Regards



P. Raja
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
29 August 2009 No.
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P. Raja

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P. Raja (Querist)
29 August 2009 Thank you, can you please elaborate the section applicable , as my client is insisting on details

Regards

P. Raja
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Gokul

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Gokul (Expert)
29 August 2009 there need not to deduct TDS on any payment made to banking company. so you need not to deduct TDS in this case
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P. Raja

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P. Raja (Querist)
29 August 2009 It is a Non Banking Finance Company , shall it use the benefit of Banking Company


Please reply to this clarify my doubt


Thanks

P. Raja
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