Tds applicability
whether TDS Is applicable or not on payment of interest made to NBFC.
THANKS
Replies (1)
Provisions of section 194A are attracted and tax to be deducted at source @ 10% as there is no exemption in case of NBFCs.
https://www.simplifiedlaws.com/tds-on-interest-paid-to-nbfc-with-emi/
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