banner_ad

TDS on interest paid to NBFC U/s 194A

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 July 2009 Can any one suggest me, whether interest paid to NBFC is liable to TDS.

During the year a firm was paid Rs 250000.00 as interst to TATA Finance Ltd .
whether Firm should deduct TDS on Rs 250000.00 U/s 194A
Profile Image

CA. B.SRINIVASULU

Profile Image

CA. B.SRINIVASULU (Expert)
22 July 2009 As per Section 194A(3)(iii)(e), we need not deduct tax at source.

Section is reproduced here.

The provision of TDS shall not apply to such income credited or paid to any company or co-operative society carrying on the business of insurance.
Profile Image

NISHIT A. DOSHI

Profile Image

NISHIT A. DOSHI (Expert)
23 July 2009 interest paid to NBFC is definetly liable to tds u/s 194A.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
23 July 2009 TDS deductible u/s 194A.
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
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details