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How exepmt tds on nbfc at the time interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2014 Dear Sir,

I wish to know when we payment of interest on loan taken from nbfc then how we exempt of from tds and return and if any Certificate issued by NBFC in this case. what is name of that certificate to not Tds Deducted.and make allowed our interest is exp liable without tds
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 September 2014 you need to select Flag A in the deductee sheet of the TDS return for the respective payments.
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