06 January 2014
One of our client is paying interest on loan to Bajaj Finance Ltd., whether they are liable to deduct TDS. Please provide the link also
08 January 2014
This depends on the category of client. Incase the client is proprietary concern and not liable to tax audit, he may not deduct the TDS. Else every concern, Partnership firm, LLP, company or any artificial body has to deduct TDS for interest paid either at due date or payment date whichever is earlier