Do we need to deduct TDS on the Interest paid to NBFC's on the Loans taken by a company.
V Senthil Kumar (Manager) (28 Points)
22 September 2008Do we need to deduct TDS on the Interest paid to NBFC's on the Loans taken by a company.
ravi
(Service)
(46 Points)
Replied 22 September 2008
Yes TDS is to be deducted on interest . The NBFC will refund the amount of TDS to the company after receipt of TDS certificate