Sandeep (in service) (142 Points)
28 February 2011Hi All,
I am working in a pvt. Ltd. Co. My company has availed unsecured business loan from Tata Capital Limited. Can anybody please guide me for whether to deduct TDS on interest portion of EMI. OR Interest paid on loan to Tata Capital is exempted from TDS being NBFC.
Please reply as i've recd. a letter from tata capital as general reminder to deposit the tax deducted and issue TDS certificate on relevant dates.
thanks,
Sandeep
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 February 2011
You have to deduct tds on interest portion of Loan paid to tata capital ltd. u/s 194A.
kailash
(Accountant)
(22 Points)
Replied 17 March 2011
Hi
I am working in a pvt. Ltd. Co. My company has availed unsecured business loan from Tata Capital Limited. Can anybody please guide me for whether to deduct TDS on interest portion of EMI. OR Interest paid on loan TDS Applicable of not
.
thanks,
Pankaj Arora
(Learner)
(3134 Points)
Replied 18 March 2011
TDS will applicable u/s 194A @ 10% for interest paid to TATA CAPITAL ....
prashant jain
(artical assistant)
(22 Points)
Replied 07 July 2012
Hi,
Can i have the copy of the notification of the TDS as applicable u/s 194A
CAclubindia
