Question ID :
40937
TDS on NBFC
The borrower has taken loan from NBFC.
Is borrower liable to deduct TDS on interest paid to NBFC ?
Thank you.
Posted by
samirkumar gokulbhai kasvala
on
Jan 05, 2021
Filed Under
TDS/TCS
Yes, tax has to be deducted under 194A.
Posted by
B.CHACKRAPANI WARRIER on
Jan 06, 2021
Answer ID :
80863
yes
Posted by
SHUBHAM SONI on
Jan 07, 2021
Answer ID :
80864
Yes. TDS under section 194A should be deducted on such interest payment.
Posted by
CA. chunauti dholakia on
Jan 07, 2021
Answer ID :
80871
yes, TDS is to be deducted
Posted by
CA. SATISH CHAND GARG on
Jan 09, 2021