TDS ON INTERESTAGAINST MORTGAGE LOAN PAYMENT TO NBFC COMP.

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SENIOR ACCOUNTANT

698 Points Joined May 2008

RESPECTED SIR,

I WANT TO KNOW THAT , I M PAYING RS.15 LAKH AS INTEREST TO INDIA BULLS FINANCIAL SERVICES LTD. ON LOAN AGAINST MORTGAGE OF OUR FACTORY BUILDING.

PLS CONFIRM ME, WHETHER I WILL DEDUCT TDS ON ABOVE INTEREST.

PLS REPLY ME SOON

THANKS & REGARDS

TRILOCHAN

Replies (1)

Guest

Hi Mr. Trilochan,

TDS is to be made u/s194A in case of individual/HUF if gross receipts or turnover from business/profession exceeds 40L/10L.

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