TDS AS PER SECTION 194A


This query is : Resolved 

Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to business loans under Section 194A. TDS is indeed applicable to the interest component of your Equated Monthly Instalments (EMIs). If your EMIs are auto-debited from your bank account, you should instruct your bank to withhold the TDS amount to ensure compliance.

13 October 2022 Abc company took business loan from a finance company total loan amount is 15 lakh in which emi is around 80k per month then, TDS will be deducted in it or not.

13 October 2022 Yes, TDS applicable on interest components of EMI.

14 October 2022 IF EMI IS AUTODEBITED FROM BANK THEN WHAT SHOULD I DO.

14 October 2022 Give instruction to your banker to withhold TDS amount.


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