Is TDS applicable on interest payments made to NBFC which is a listed Indian company?
Section 194A states that if no TDS is to be deducted if payment is made to a financial corporation established under Central, State or Provincial Act.
Please give reference to provisions with your answer. I came across many threads but they didnt give me any clarity.
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 | ||
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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. |
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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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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