Tds on interest of truck loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2013
SIR,
CAN DEDUCTION OF TDS IS COMPULSARY ON INTEREST PAID TO A PRIVATE FINANCER SUCH AS CHOLAMANDALAM,HINDUJA,DHANLAXMI, GE CAPITAL ETC UNDER WHICH SECTION ? AND PERCENTAGE ?
CAN DEDUCTION OF TDS IS COMPULSARY ON INTEREST PAID TO A PRIVATE FINANCER SUCH AS CHOLAMANDALAM,HINDUJA,DHANLAXMI, GE CAPITAL ETC UNDER WHICH SECTION ? AND PERCENTAGE ?
31 October 2013
yes it is mandatory to deduct tds on payment of interest under section 194A @10%
Message likes :
1 times
31 October 2013
yes it is under section 194A at 10% since you are the payee you referring to is NBFC. However, in case the loan is financed from a bank, TDS wont apply.
Message likes :
1 times
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Same demand raised for original as well as rectification request return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- 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
