Tds

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 We finance Loan to business people and they pay EMI, whether we need to show TDS portion separately in EMI, so that customer can deduct TDS and pay,

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
Follow

04 May 2012 Whether you are a NBFC? If yes, then customer need not deduct tax. In case, you are not a NBFC company, then its the responsibility of the customers to check whether TDS is applicable for them or not. You need not bifurcate anything for them.

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 thanks amol, we are NBFC could you quote the relevant section for me to read and understand better.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 thanks amol, we are NBFC could you quote the relevant section for me to read and understand better.