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TDS Provision

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(Querist)
20 March 2021 One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 March 2021 TDS provisions applicable for such interest payable.
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PARAS CHHAJEDpro badge online

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PARAS CHHAJEDpro badge online (Expert)
21 March 2021 The school must be run and managed by a Society or Trust. It is required to deduct tax u/s 194A if the interest paid or payable in a year exceeds Rs.5,000. If the loan is taken from a Bank then not required to make TDS.



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VIPIN GUPTA

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VIPIN GUPTA (Expert)
21 March 2021 Loan Taken From NBFC are liable to TDS

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