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TDS ON INTEREST PORTION PAID THROUGH EMI

This query is : Resolved 
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(Querist)
17 June 2008 SIR,
A COMPANY WHICH HAS TAKEN LOAN AS HOME LOAN FROM BANK NEAR ABOUT RS.2 CRORES,PAID MONTHLY INSTALLMENTS, WHETHER ON INTEREST PORTION COMPANY SHOULD DEDUCT TDS.

PLEASE REPLY

THANKS
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
17 June 2008 TDS is not applicable on interest paid to financial institution.
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