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TDS on Interest other than Interest on securities

This query is : Resolved 

29 March 2011 Sir,
Will you plz tell me whether TDS provisions are attracted in case of payment of Interest to Finance Companies like Tata Capital Ltd, Reliance Capital, etc.

29 March 2011 YES, TDS PROVISIONS ARE APPLICABLE BUT SUBJECT TO ABOVE ARE NOT COVERED UNDER BANK OR FINANCIAL INSTITUTION

29 March 2011 TDS Applicable


29 March 2011 TDS will be applicable to above entity since they are not covered under banking regualion rather some IRDA or any other rules and regualtion



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