HDB FINANCIAL
This query is : Resolved
28 March 2024
Dear Sir,
On April 2023 we have taken vehicle loan from HDB FINANCIAL SERVICES LTD, Chennai for purchasing trucks. We are paying interest to them on each EMI. I want to know whether we have to deduct TDS on interest from them.
Please clarify the same immediately.
Prakash Menon
Accountant
On April 2023 we have taken vehicle loan from HDB FINANCIAL SERVICES LTD, Chennai for purchasing trucks. We are paying interest to them on each EMI. I want to know whether we have to deduct TDS on interest from them.
Please clarify the same immediately.
Prakash Menon
Accountant
29 March 2024
You have to deduct TDS on payment to HDB financial services as it's not a bank.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
