Tds on intrest from non-banking institution
This query is : Resolved
19 May 2016
Actually I borrowed loan from Reliance Commercial Finance . The EMI deducted from bank ( Principal+Intrest). How can i deduct tds from Interest amount? Please guide us.
19 May 2016
You have to deduct on interest portion the details of EMI principal and interest sheet to be obtained from reliance commercial finance to know interest portion in each EMI and Tds to be deducted u/s 194A for each month same to be remitted within 7 th of subsequent month.
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