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TDS on interest is applicable on any public sector financial institution
Replies (3)
Dear Umesh,
if interest is paid to any NBFC then TDS is applicable on same.
Our company taken a Loan from Tata Motor Finance Ltd/Chola Mandalam. on which we have pay the interest. TDS is applicable
Dear Umesh ,
Now you have to deposited TDS @ 10% of Such interest and the you have to issue Form-16A to each NBFC and then they will refund back you such TDS Amount.
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