Tds deduction (nbfc)

This query is : Resolved 

08 February 2013 Dear All,

Plz resolve my quaries.

Example: A Company taken loan from any NBFC Companies , Banks or monthly emi paid by company . the companies liable to Tds deduction on interest amount & certificate issued to banks.

Plz replay my quaries with any examples.


Thanks


08 February 2013 Not required in Case of Banks but required to be deducted in case of NBFC Sec 197



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