TDS on interest on loan kotak Mahindra prime ltd
mukesh rana (7 Points)
12 April 2021mukesh rana (7 Points)
12 April 2021
vaish navi
(2 Points)
Replied 12 April 2021
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Muskan Gupta
(Student)
(22 Points)
Replied 12 April 2021
TDS shall be deducted u/s 194A of Income Tax Act 1961. For refund of the TDS amount, TDS certificate can be submitted with the mentioned NBFC.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 April 2021
Originally posted by : mukesh rana | ||
Case : A company taken loan for vehicle from kotak mahindra prime ltd. is tds deducted on interest amount to be paid on this |
No TDS on interests paid to financial institutions as it is specifically exempt u/s 194A.