CCI Online Learning
50% OFF in CA/CS/CMA Subjects

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


This query is : Resolved 

Is it compulsory to pay TDS on the interest of vehicle loan obtained from NBFC by an individual whether he is covered or not covered under tax audit?

If yes, Assume he has obtained the loan for 5 vehicles and paying dues with interest. While calculating the tds on interest, exemption of Rs.10,000/- p.a is applicable only for a single vehicle or totally on all of the vehicles .

thanks in adv

No, TDS applicable only when turnover exceed 1 crore of tax audit cases.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Trending Tags
GST Live Class    |    x