Regarding TDS Deduction required on Commercial Vehicle Loan used for business by proprietor
This query is : Resolved
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17 August 2023
Hello, Could anyone please help me on the below query
A proprietor took a loan for Commercial Vehicle Loan for business use from Cholamandalam Investment & Finance Co. Ltd. Yearly the interest happens to be around Rs.74912/-
Should we deduct TDS on the Interest paid to Cholamandalam?
A proprietor took a loan for Commercial Vehicle Loan for business use from Cholamandalam Investment & Finance Co. Ltd. Yearly the interest happens to be around Rs.74912/-
Should we deduct TDS on the Interest paid to Cholamandalam?
18 August 2023
Yes, deduct TDS on the payment.
18 August 2023
Ok Sir, Thank You very much
18 August 2023
You are welcome...
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