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tds

This query is : Resolved 
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(Querist)
09 June 2011 can tds deducted on this intrest?
intrest on:
hire purchase, VAT, Bridge loan, Cash Credit.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
10 June 2011 Hire Purchase- should be deducted

Interest on VAT- no TDS as payment is made to Government

Bridge loan interest- No TDS if paid to banks or specified financial institutions

Cash Credit- No TDS if paid to banks or specified financial institutions
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