interest paid by individual ( covered under 44ab) to Publice sector undertaking (IOC) or nbfc are liable to deduct TDS under 194A???
CA SHIVANG SONI (CHARTERED ACCOUNTANT) (266 Points)
11 December 2015interest paid by individual ( covered under 44ab) to Publice sector undertaking (IOC) or nbfc are liable to deduct TDS under 194A???
Vinod Lakhera
(CA in service)
(85 Points)
Replied 11 December 2015
Yes TDS is deductible on payment of interest to NBFC u/s 194A
CAclubindia
