Tds on interest on loan from nbfc
Querist : Anonymous
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
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
Querist : Anonymous
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