Tds on interest of financer

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Prashant Kumar Gupta (Querist)
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31 July 2012 DEAR SIR
I AM WORKING IN A PVT COMPANY AND COMPANY TAKEN FINANCE FROM LTD COMPANY.
IT IS MANDATORY TO DEDUCT TDS ON INTEREST PAID OR PAYABLE BY US.

Unnikrishnan

Unnikrishnan (Expert)
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31 July 2012 Sir,

TDS has to be deducted according to the provisions of Section 194A of the Income tax act.

Prashant Kumar Gupta

Prashant Kumar Gupta (Querist)
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31 July 2012 DEAR SIR
WE HAD TAKEN TRADE ADVANCE FOR VEHICLE PURCHASE AND IT IS ADJUSTED BY DELIVERY ORDER OF VEHICLE.
NOW WHAT CAN I DO

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