Tds on intt paid on vehicle finance (Income Tax)

This query is : Resolved

neeraj

( Author )
24 July 2012

Whether TDS is to be deducted on interest paid on vehicle finance etc. ?

CA mahesh birla

No not required

Amol S. Joglekar.

No. Not required. (If you have taken private finance say from individual, relative... then the answer will change.)

CA.Sourabh Sethia

finance from which institution
banks
NBFC
or
Private Institution
or others

CA mahesh birla

any of bank, institution, nbfc you need not to deduct tds

CA.Sourabh Sethia

for private institution and NBFC
194a is applicable

CA.Sourabh Sethia

for a institution like
xyz finance
you need to deduct TDS

CFA Bharath Kumar

CA SOURABHA SETHIYA REPLUY I AGREED

neeraj

( Author )
28 July 2012

thnx a lot to all of u..........

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