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Tds on nbfc interest

This query is : Resolved 
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10 July 2012 WE HAVE TAKEN A LOAN FROM NBFC IS THER THE REQUIREMENT TO DEDUCT TDS ON SUCH INTEREST PAYMENT
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
10 July 2012 If you are an individual and not liable for tax audit then there will not be any TDS otherwise TDS is to be deducted in case of NBFC also.
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
10 July 2012 yes agree with amit tds will be deducted.
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