Tds on interest on loan from nbfc

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 June 2013 query is

Our company finance its assets from NBFC and monthly installments including interest is fixed for repayment of loan

How the TDS provision will apply as EMI can not be reduced by TDS amount


Thanks and regards
Ritesh khurana

07 June 2013 You deposit tds in the name of nbfc on tds interest amount and collect the tds amount from nbfc by producing tds certificate to them.

Ask them and confirm whether they have any tds lower deduction certificate as per 197,,generally nbfc do apply for lower deductions.

Thanks & regards

Ganeshbabu

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 June 2013 thanks sir



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details