Is TDS applicable on interest payments made to NBFC which is a listed Indian company?
Section 194A states that if no TDS is to be deducted if payment is made to a financial corporation established under Central, State or Provincial Act.
Please give reference to provisions with your answer. I came across many threads but they didnt give me any clarity.
Tds on interest payments made to nbfc (public company)
Sahil Bhatia (Practicing Chartered Accountant) (290 Points)
25 February 2015