TDS

This query is : Resolved 

29 August 2009 Whether TDS to be deducted on Gold Loan Interest remitted to a NBFC company?

Regards



P. Raja



29 August 2009 No.

29 August 2009 Thank you, can you please elaborate the section applicable , as my client is insisting on details

Regards

P. Raja


29 August 2009 there need not to deduct TDS on any payment made to banking company. so you need not to deduct TDS in this case

29 August 2009 It is a Non Banking Finance Company , shall it use the benefit of Banking Company


Please reply to this clarify my doubt


Thanks

P. Raja



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