Tds on finance charges (non bank)
malyadri (Accountant) (33 Points)
19 January 2017
Sir,
Finance charges on vehicle loan from non banks is liable to deduct TDS
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185464 Points)
Replied 19 January 2017
Is the loanee liable to deduct TDS? Who is loner, any individual/NBFC?
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 19 January 2017
If loan taken form NBFC, then TDS is applicable on Interest payable u/s 194A
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