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Tds deduction on interest inclusive

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(Querist)
26 July 2020 Dear Experts,
We have loan from NBFC,

since NBFC has debited processing Fee & other charges, pls clarify are we required to deduct tds on processing fee & other charges inclusive interest,

Thanks
Nikhil
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VIJAY KUMAR

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VIJAY KUMAR (Expert)
27 July 2020 U/S 194A Deduct @ 7.5% up to 31.03.2021 and 10 % thereafter from the NBFC.

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