https://www.taxtmi.com/forum/issue?id=2258 Borrowers must generally withhold tax on interest payments to financiers such as non-banking finance companies unless a statutory exemption for interest TDS applies; the borrower should verify the lender's category and obtain a declaration or an assessing-officer certificate for lower or non-deduction, otherwise the deductor should withhold and deposit tax on the lender's behalf. en-us Fri, 24 Sep 2010 12:49:03 +0530 Thu, 23 Jan 2025 15:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2258 Borrowers must generally withhold tax on interest payments to financiers such as non-banking finance companies unless a statutory exemption for interest TDS applies; the borrower should verify the lender's category and obtain a declaration or an assessing-officer certificate for lower or non-deduction, otherwise the deductor should withhold and deposit tax on the lender's behalf. Discussion-Forum Income Tax Fri, 24 Sep 2010 12:49:03 +0530 https://www.taxtmi.com/forum/issue?id=2258