Applicability of tds on interest paid on vehicle loan
This query is : Resolved
29 August 2013
Loan has been taken from Cholamandalam investment and finance company and Reliance capital for purchse of vehicles where pdcs were given and no tds was deducted since pdcs were given.
whether the same has to be disallowed while computing income and CA has to qualify the same in Tax audit report
whether the same has to be disallowed while computing income and CA has to qualify the same in Tax audit report
CMA Ramesh Krishnan
(Expert)
30 August 2013
TDS applicable on interest paid to finance companies.
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