Regardine TDS Deduction

Mohammed Irfaan (Student) (28 Points)

05 July 2021  

Dear Sir

With Greetings

 I had taken a handloan of Rs.2,00,000.00 from a Financier with 7% interest per month through bank. The financer is asking me to pay the TDS and deposit in its account. Can you guide me whether the demand of financer is as per IT law and if so how to effect it and if not what I have to inform him