Tds applicability
Hiten (CA) (275 Points)
02 September 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 September 2015
Provisions of section 194A are attracted and tax to be deducted at source @ 10% as there is no exemption in case of NBFCs.
https://www.simplifiedlaws.com/tds-on-interest-paid-to-nbfc-with-emi/
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)