TDS LIABILITY

A COMPANY HAS TAKEN A LOAN OF RS.5 CRORES FROM RELIANCE CAPITAL LIMITED. FOR WORKING CAPITAL REQUIREMENTS. AND THE MONTHLY EMI OF THE LOAN IS RS.6 LACS INCLUDING INTEREST OF RS.50,000 THOUSAND APPROX.

NOW I WANT TO KNOW WHEATHER TDS LIABILITY WOULD BE ATTRACTED OR NOT.

I AM OF THE VIEW THAT  TDS LIABILITY WILL BE ATTARACTED U/S 194A AS IT IS A NBFC.

 AM I CORRECT, PLEASE CONFIRM THIS.