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Intrest on car loan

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(Querist)
23 March 2012 Dear Sir,

our company bought car & paid installment with interest to icic bank than our liability to deducted TDS on interest amount or not
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
23 March 2012 No Bank is exempt from TDS on interest
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Mihir Doshi

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Mihir Doshi (Expert)
23 March 2012 Exemtion has been granted to deduction of TDS for Interest paid to a banking company or any co operative society engaged in banking business under section 194A.




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