TDS on interest on loan kotak Mahindra prime ltd

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TDS shall be deducted u/s 194A of Income Tax Act 1961. For refund of the TDS amount, TDS certificate can be submitted with the mentioned NBFC.

Originally posted by : mukesh rana
	Case : A company taken loan for vehicle from kotak mahindra prime ltd. is tds deducted on interest amount to be paid on this

No TDS on interests paid to financial institutions as it is specifically exempt u/s 194A.