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Sec 194 A

This query is : Resolved 
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(Querist)
12 July 2011 Loan taken from

Kotak bank

Barcycle Bank

Reliance Bank

and Bajaja Finance

My question is Interest paid to following bank is liable for TDS U/s 194 A or not

if yes than given any decesion reference


But other bank is not NBFC
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Sanjeeva Reddy

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Sanjeeva Reddy (Expert)
12 July 2011 Where the interest payments are made to any banking company then there is no requirement of TDS.

In the above case Bajaj Finance is a NBFC.
Payments made to it as Interest are laible for deducting tax at source.

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