Dear Friends,
My cleint is paying interest to Reliance Capital Ltd and Kotak Primus ltd. I have the opinion that the TDS needs to be deducted on interest payment as it exceeds Rs 5000. Since these companies are not listed in 194 A as financial institutions it has to be deducted.
Can any body get citation for the same from courts. If i am wrong please clarify
Thanks
CAclubindia
