TDS ON PROCESSING FEES ON LOAN FROM NBFC CO.

 THERE IS NO APLLCABILITY OF TDS IN THIS CASE

Yupp no tds applicable.

yes, it is attract to tds

processing fees (specific service) comes under section 194J (Tds on Professional fees) i.s 11.33% but  in your case payment is less than 1 crores tds will be 10.30% (surcharge not applicable)

It's not liable for TDS.

no TDS

Dear Chentan 

can you explain why

This is not covered in the explanation given in Section 194J w.r.t. professional services.  Whether would fall U/s.194C??

But I am sure that interest paid to them will be liable for tax deduction U/s.194A.

MR SACHIN IS RIGHT. U/S 194J , We'll treat payment as expenses and also the payment made to professional.

yes tds is attraced us 194A as interest . section 2 (28A) has defined  interest includes fprocessing charges