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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
