Tds on interest car loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2018
Sir,
1)we have taken car loan from Kotak Mahindra Bank and we are paying EMI ,
Is tds applicble on Interest paid
2) And also we have taken unsecured loan from Aditya Birla Finance ltd /Bajaj Finace ltd
We are paying interest along with principle monthly Is tds is applicable on Interest
Please advise
Thanks
Geetha s
Vedik Ispat pvt Ltd
Bangalore
1)we have taken car loan from Kotak Mahindra Bank and we are paying EMI ,
Is tds applicble on Interest paid
2) And also we have taken unsecured loan from Aditya Birla Finance ltd /Bajaj Finace ltd
We are paying interest along with principle monthly Is tds is applicable on Interest
Please advise
Thanks
Geetha s
Vedik Ispat pvt Ltd
Bangalore
14 February 2018
TDS applicable when you paying int to NBFCs
14 February 2018
Yes, TDS applicable for NBFC financial institutions other than banking company. Interest Paid to Bajaj finance and Aditya Birla Finance on Interest paid TDS to be deducted.
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
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- ITR 44AD SECTION
- Loss of interest in PF transfer from EPFO to Trust
- Taxation on Old jewellery sold
- GST ISD Query on various AMCs
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- DUE DATE FOR ITR FILING
- Missed TDS
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
