Tds on emi of car loan
This query is : Resolved
Naga Durga Rao
(Querist)
22 March 2013
can anyone suggest me whether tds will be applicable to Emi paid to BMW financial services p ltd.
CMA Ramesh Krishnan
(Expert)
22 March 2013
Yes. TDS applicable on interest paid to financial companies. only Bank interest is exempted from TDS
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