Tds on interest payments made to nbfc (public company)

Hi Sahil, 

if that NBFC is established under Central, State or Provincial Act, then TDS will not apply.

further if you provides the name of NBFC, then it may help something to give more accurate answer.

Originally posted by : Arif Ali
	Hi Sahil,  if that NBFC is established under Central, State or Provincial Act, then TDS will not apply. further if you provides the name of NBFC, then it may help something to give more accurate answer.

Reliance Capital 

Hi Sahil,

Reliance capital Limited is not a financial corporation established under central, state ot provincial act. 

so TDS on interest will apply here accordingly.