One pvt. ltd company ( A) has taken a loan from another pvt.ltd company ( B), created its FD and pledged with the bank to facilitate overdraf facility to an another private ltd company ( C) ( OD against Third party FD). Both the company ( A & C ) have common directors. Now Company A will pay the interest to B and will deduct the TDS but since this loan is for company C it will seek refund of the same. My querry is whether Company C will also deducted TDS on payment of interest to Company A. How can this double TDS be saved? **This loan can not be arranged by company B to C directly because it was a new & unknown company to B.
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