Tds applicability
Hiten (CA) (275 Points)
02 September 2015
whether TDS Is applicable or not on payment of interest made to NBFC.
THANKS
1 Replies
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/
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