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TDS ON INTEREST PAID REGARDING

This query is : Resolved 
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(Querist)
18 January 2022 MY FIRM IS AUDITED FROM 2018-19. I HAVE PURCHASED A CAR WITH LOAN OF RS. 30 LAC FROM MERCEDES BENZ FINANCIAL. CAN WE BE LIABLE TO DEDUCT TDS ON THE INTEREST PAID AMOUNT ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 January 2022 Yes, you are liable for TDS deduction on such payment.
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