Tds on emi to tata capital ltd.
This query is : Resolved
21 May 2013
Sir,
We (Pvt. Ltd. Co.) are re-paying emi of rs.32700/- to M/s Tata Capital Ltd.(Car Loan). Whether we deduct TDS monthly or annually?
Is there any obligation to deduct monthly?
Please advise.
We (Pvt. Ltd. Co.) are re-paying emi of rs.32700/- to M/s Tata Capital Ltd.(Car Loan). Whether we deduct TDS monthly or annually?
Is there any obligation to deduct monthly?
Please advise.
21 May 2013
U/s 194A TDS is to deducted at the time of credit of interest or at the time of payment, whichever is earlier. So TDS is to be deducted monthly because emi includes payment of interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
