Tds applicability on nbfcs
This query is : Resolved
29 November 2017
Is there an exemption for NBFCs from deducting TDS on interest on its term loan borrowings. If so, kindly provide the relevant section/circular of income tax/rbi. thanks
CMA Ramesh Krishnan
(Expert)
29 November 2017
For Interest payment to NBFCs is not exempted from TDS deduction. so required to deduct TDS
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