Query about TDS

I have taken loan of Rs.500000.00 from a non banking financing company now i wanted to know that whether i have to deduct TDS from interest payment made to that company

Replies (7)

tell me what concern you are ,what is the amount of interest paymnet .

If ur convern is  an individual and having turnover over 40 lakhs and interst is above Rs. 5000/- then only u  have to deduct tds from interest payment 

Yes, I agree with Mr. Srinivas

i also agree with both of my friends

i also agree with both of my friends

Interest will be approx 5000/- per month and mine partnership firm

In That Case No Tds

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