I want to know whether TDS is to be deducted if payment of interest Rs.50000 to Bajaj Finance,Shriram Finance,Sundaram Finance,Mahindra Finance Ltd,India Bulls Finance ,etc same type of finance companies on loan taken under section 194A.?
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Tds u/s 194A ?
Replies (7)
Tds will not applicable.
few more view are invited please
Yes, TDS must be deducted for the above Institutions.
Only Bank are exempted from TDS but not Financial Institutions unless it is notified by Central Govt.
Tax should be deducted at source on interest payments to the companies which you have mentioned.
Yes TDS Should Be Deducted on These company..........
yes tds should be deducted unless exemted
Yes
TDS should be deducted on these companies
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