Whether TDS required to be deducted on payment of interest to financial companies like Reliance Capital, Chhollamandlum DBS Finance, Indiabull Financial Services Ltd
Tds on payment of interest
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Whether TDS required to be deducted on payment of interest to financial companies like Reliance Capital, Chhollamandlum DBS Finance, Indiabull Financial Services Ltd
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If the amount paid is 'interest' on loans obtained from the financial companies, the same would attract TDS u/s 194A of the Income tax Act.
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