Dear Sir,
We are paying interest on loan from India Bulls, our accounts are being audited u/s 44AB. so it is compulsary to deduct tds on interest of loan, under section 194A,??
Tax applicbale on (0020) company deductees or (0021) non company dedctees?? please clear my doubts. thanks.......
please solve my queries
Hello,
TDS is required to be deducted on interest paid to NBFCs u/s 194A of the income tax act if your concern is covered u/s 44AB of the Income tax act or your business exceeds monetary limit of Tax Audit.
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