I have Recieved a loan from TIIC (TamilNadu Industrial Investment Company) @ 1.25 Crore and Paying Monthly Installment (Int @ 14.75%)
Is TDS on Interest is Applicable for Paying of Interest?
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Tds on interest
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Any interest on loan amount paid to Public finance institution which is engaged in the banking Business will be out of TDS bracket..
So no TDS has to be deducted.....
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