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TDS

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20 May 2011 1. Whether TDS is applicable for discounting charges paid to Non Banking Fianance Company(NBFC)? If applicable under what Section it is applicable?
2. Director sitting fee paid to the directors will attract TDS? if applicable under what Section? pls clarify my doubt ASAP.

20 May 2011 Yes TDS provisions are applicable to NBFC's for discouting charges.

Directors siting fees - No TDS provisions are applicable.



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