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.
CAclubindia
