Tds on nbfc interest
This query is : Resolved
CA NAMRATA GOYAL
(Querist)
10 July 2012
WE HAVE TAKEN A LOAN FROM NBFC IS THER THE REQUIREMENT TO DEDUCT TDS ON SUCH INTEREST PAYMENT
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.
C.A Anshul Singhal
(Expert)
10 July 2012
yes agree with amit tds will be deducted.
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