Tds on interest payments made to nbfc (public company)

Sahil Bhatia (Practicing Chartered Accountant)   (290 Points)

25 February 2015  

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.