TDS ON INTEREST PAID, LOAN TAKEN FROM SUBSIDIRY OF BANK
This query is : Resolved
04 October 2019
Dear Sir
In previous financial we have paid Rs 1,04,117.00 as interest on car loan financed by Kotak Mahindra Prime Ltd, Kotak Mahindra Prime Ltd is a subsidiary of Kotak Mahindra Bank Ltd
Is TDS applicable on interest
Thanks
AVINASH
In previous financial we have paid Rs 1,04,117.00 as interest on car loan financed by Kotak Mahindra Prime Ltd, Kotak Mahindra Prime Ltd is a subsidiary of Kotak Mahindra Bank Ltd
Is TDS applicable on interest
Thanks
AVINASH
Message likes :
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05 October 2019
KMPL is registered as NBFC, hence you need to deduct TDS on interest paid.
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