Whether any interest payment of NHAI loan by it's SPV is said to be exempted from deduction of TDS under sec 196(iii) of IT act?
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Quick Summary
This discussion explores whether interest payments made by a Special Purpose Vehicle (SPV) on an NHAI loan are exempt from Tax Deducted at Source (TDS) under Section 196(iii) of the Income Tax Act. The consensus suggests that such payments are indeed exempted due to the nature of SPVs and their potential for various TDS deductions. Further details on the specifics of this exemption are sought.