whether tds is required on interest paid on unsecured loan obtained by a closely held public company from a NBFC , whose EMI are mostly fixed ?
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tds reqd on unsecured loan obtained from NBFC
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TDS have to deduct on interest of private financial company like religare , tata capital ltd. Barclays etc.
Yes TDS has to be deducted from interest portion of EMI paid to NBFC,
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