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Tds

This query is : Resolved 
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(Querist)
16 November 2013 Hi. I have paid interest + principle to MAGMA FINCORP Limited for car loan payment. whether i am liable to deduct TDS on interest.
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Nitesh Parmar

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Nitesh Parmar (Expert)
16 November 2013 yes it is required to deduct tds if you are audited person.
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Rahul Hotwani

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Rahul Hotwani (Querist)
16 November 2013 and if the MAGMA FINCORP IS A FINANCIAL CORPORATION THEN ALSO?
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Nitesh Parmar

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Nitesh Parmar (Expert)
16 November 2013 yes it is mandatory.
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Rahul Hotwani

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Rahul Hotwani (Querist)
16 November 2013 OK. THANKS MR. NITESH. THANKS FOR THE EXPERT ADVICE
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