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Tds on emi to tata capital ltd.

This query is : Resolved 
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(Querist)
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.
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Suresh Mittal

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Suresh Mittal (Expert)
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.
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