Tds
Umesh Kumar (student) (35 Points)
15 April 2016
TDS on interest is applicable on any public sector financial institution
3 Replies
Nitin jatav
(Artical Assistant)
(51 Points)
Replied 15 April 2016
Dear Umesh,
if interest is paid to any NBFC then TDS is applicable on same.
Umesh Kumar
(student)
(35 Points)
Replied 15 April 2016
Our company taken a Loan from Tata Motor Finance Ltd/Chola Mandalam. on which we have pay the interest. TDS is applicable
Nitin jatav
(Artical Assistant)
(51 Points)
Replied 16 April 2016
Dear Umesh ,
Now you have to deposited TDS @ 10% of Such interest and the you have to issue Form-16A to each NBFC and then they will refund back you such TDS Amount.
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