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Deduction ofTDS u/s 194A for NBFC

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(Querist)
27 February 2009 hi,
pl let me know if a corporate pays Interest on working capital Loan to a NBFC (say reliance money)then TDS u/s 194A shud be deducted or not ?
any circular ?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
01 March 2009 Yes.
It should be deducted.

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