Tds on housing loan emi from india bulls
This query is : Resolved
20 November 2014
Dear Sir,
My brother has taken a housing loan from India Bulls Housing Finance. The cost of the property is 25 lacs. Does he need to deduct TDS while making EMI payment to them?
I have referred google and come to know that the Banks have been exempted from TDS deduction by borrower in case of housing loans, but i was not able to find similar guidelines w.r.t to Housing Finance Companies. Pl guide. Thanking you in advance.
My brother has taken a housing loan from India Bulls Housing Finance. The cost of the property is 25 lacs. Does he need to deduct TDS while making EMI payment to them?
I have referred google and come to know that the Banks have been exempted from TDS deduction by borrower in case of housing loans, but i was not able to find similar guidelines w.r.t to Housing Finance Companies. Pl guide. Thanking you in advance.
20 November 2014
Only commercial entities liable to deduct and pay TDS.
No need for general public
No need for general public
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22 November 2014
there is not for the general person. if you are taking commercial property and vehicle then you have to deduct the tds.
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