43B on Interest payable to NBFC ?

Tax queries 638 views 1 replies
Is interest payable to NBFC covered by section 43B of Income Tax Act?
Replies (1)

YES INTEREST PAID TO NBFC IS COVERED UNDER INCOME TAX

BUT TDS IS APPLICABLE FOR THIS INTEREST AND YOU SHOULD HAVE 

LOAN STATEMENT FOR THAT PARIOD .  

 


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