Is tds have to deduct for hire purchase interest
This query is : Resolved
29 June 2013
is tds have to deduct for interest charged by sundaram finance on hire purchase agreement.
30 June 2013
HIRE PURCHASE INTEREST, THOUGH NAMED AS INTEREST IT IS NOT AN INTEREST. IT IS HIRECHARGES WITH AN OPTION TO THE HIRER TO BE THE OWNER OF THE GOODS. THEREFORE, NO TDS IS REQUIRED.
01 July 2013
Thanks for reply sir,
if a car loan taken from sundaram finance & interest was paid on monthly basis.tds have to deduct or not.
if a car loan taken from sundaram finance & interest was paid on monthly basis.tds have to deduct or not.
04 July 2013
pleas reply my question sir
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