TDS ON INTEREST PORTION PAID THROUGH EMI
This query is : Resolved
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
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
17 June 2008
TDS is not applicable on interest paid to financial institution.
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