banner_ad

Dought reagrding nbfc loan repayment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 August 2014 a man took a car loan from nbfc and he uses that car for business purpose,he repay the loan without deducting tds.whether he claim that amount or not in tax audit?
Profile Image

CA SUNIL K GARG

Profile Image

CA SUNIL K GARG (Expert)
05 August 2014 sir , u have to deduct TDS on intt paid to NBFC on car loan, otherwise the intt will be disallowed u/s 40 (ia)
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
06 August 2014 if your business is under the audit u/s 44AB then you have to deduct the TDS @ 194A @ 10% on intt amount otherwise this exp is disallow.
Profile Image

vaishnav

Profile Image

vaishnav (Querist)
08 August 2014 thank u
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details