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Tds on interest paid to nbfc

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2014 Hi..

Is TDS required to be deducted on interest paid to NBFC?

Please guide.

Thanks in advance.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 October 2014 unless the NBFC provides you with non-deduction certificate issued by the tax department, you need to deduct TDS on the interest paid to the NBFC.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2014 Nikhil Kaushik sir..

Can you please provide a supporting link for the above?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 October 2014 refer section 197 and 194A

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2014 ollllll llllllllllllllllllllllllll

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 October 2014 ????????????????????/

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