banner_ad

Tds on non banking

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 April 2015 dear sir/madam,
Our client taken loan from capital first,in feb.2015.They are paying monthly EMI.with interest.Sir can i deduct tds on interest,and how can i make entry in Tally.
Thank You.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
11 April 2015 Yes TDS shall be deducted on loan taken from NBFC companies. The EMI should be adjusted so that the same covers the TDS to be deducted on Interest otherwise you will have to deduct TDS on interest component and deposit the same and issue TDS certificate for the same and then they would give credit for the TDS deducted.
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
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details