Tds on interest payable to nbfc

Suchita Shivaji More (Accountant) (168 Points)

04 July 2018  
Dear Sir, In private company. if loan is taken from NBFC (Bajaj, Capital First & Tata Capital) then we have to deduct TDS amount from interest on loan? Our interest is auto-debited from bank account. If not then what should we do for audit purpose?