Tds on interest payable to nbfc
Suchita Shivaji More (Accountant) (168 Points)
04 July 2018Suchita Shivaji More (Accountant) (168 Points)
04 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171196 Points)
Replied 04 July 2018
Yes, TDS u/s. 194A is applicable.......
Suchita Shivaji More
(Accountant)
(168 Points)
Replied 05 July 2018
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 05 July 2018
Still TDS can be remitted and return can be revised. Otherwise you have to disallow 30% of the total Interest paid to NBFC in computation of income.
Note that generally in most NBFC cases, the TDS has to be remitted from hand and then refund to be claimed from NBFC based on Form 16A.
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