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INTEREST ON TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2011 DEAR SIR.,

SUPPOSE I TAKE LOAN FROM NBFC.SHOULD I HAVE TO DEDUCT TDS ON INTEREST PAID TO NBFC.

KINDLY REPLY.

THANKS & REGARDS.

SATYAM.
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CA Navin Jain

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CA Navin Jain (Expert)
05 July 2011 YES NEED TO DEDUCTED TDS ON INTEREST IF LOAN HAS BEEN TAKEN OTHER THAN A BANKING COMPANY OR FINANCIAL INSTITUTION

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