TDS ON INTEREST PAID REGARDING
This query is : Resolved
pradip jain
(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 ?
CA R SEETHARAMAN
(Expert)
18 January 2022
Yes, you are liable for TDS deduction on such payment.
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