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Tds on housing loan interest

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(Querist)
25 November 2014 Is TDS is to be deducted where an assesseis under Tax audit and taken a housing loan from private institutions.
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Ganeshbabu K

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Ganeshbabu K (Expert)
25 November 2014 Yes TDS is mandatory on payment of interest to other than banks
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hence u need to disallow the same if TDS not done
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j naga bhargav bommidala

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j naga bhargav bommidala (Querist)
25 November 2014 Boss,

Iam not at all taking interest as expense in P&L Account.It is just relates to capital account.But as in audit report whether it is to be mentioned or not.

With Regards,
B.J.N.Bhargav.
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