banner_ad

Tds on interest paid to banks & financial institution

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 August 2012 As my company has taken loan from institution like Kotak Mahindra,Barclays & Bajaj do we have to deduct tds on interest paid
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
20 August 2012 Yes, Since These are Registered as NBFC.
On Bank No Need to Deduct TDS.
Profile Image

SANYAM ARORA

Profile Image

SANYAM ARORA (Expert)
20 August 2012 Yes you will have to deduct Tds
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
20 August 2012 No need to deduct TDS if interest paid to a banking company to which the Banking Regulation Act 1949 applies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details