24 June 2014
One of my client had taken loan from cholamandalam investment and finance company. That client fall under audit. Is he required to deduct tax on interest paid to cholamandalam finance company as the interest paid by my client to non banking institution.
If yes then is there any other way by which my client come out tds deduction matter in respect of interest paid?
24 June 2014
one of my c.a. friend told me that those non financial institution get certificate from income tax department to for non deduction of tax on interest. is it true?
CAclubindia
