Applicability of TDS

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....pplicability of TDS<br> Query (Issue) Started By: - pran shangari Dated:- 14-9-2009 Last Reply Date:- 14-9-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>assests purchased by a concern and financed b....

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....y nonbanking finance cos the likes of Magma Finance, Tatamotors Finance or L & T Finance.The Insalment is payable monthly for a period of say 36 months.Will there be a need to deduct TDS.If Yes on wha....

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....t sum and under which section. Reply By Rama Krishana: The Reply: You need to find the correct nature of these banking institutions. Are they in the nature of banking company or NBFC. The provisions....

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.... of TDS are applicable to interest paid to NBFC. See clause (iii) of sub section (3) of section 194A of the income tax act, 1961.<br> Discussion Forum - Knowledge Sharing ....