Is TDS applicable for Intt on Late Payment?
where you are paying intetest to party or to govt. if interest pay to govt no tds when you are paying late then int provi is applicable
Again you have to check,what is the nature of original payment on which you are going to pay intt.
Intt paid for Purchase of Vehcile by dealer,Subsequent Sales to Customer from Pricipal Ashok Leyland