Tds on interest paid to banks & financial institution
This query is : Resolved
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
20 August 2012
Yes, Since These are Registered as NBFC.
On Bank No Need to Deduct TDS.
On Bank No Need to Deduct TDS.
20 August 2012
Yes you will have to deduct Tds
20 August 2012
No need to deduct TDS if interest paid to a banking company to which the Banking Regulation Act 1949 applies.
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