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.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details