Yes, TDS u/s. 194A is applicable.......
Still TDS can be remitted and return can be revised. Otherwise you have to disallow 30% of the total Interest paid to NBFC in computation of income.
Note that generally in most NBFC cases, the TDS has to be remitted from hand and then refund to be claimed from NBFC based on Form 16A.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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