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Tds on intt paid on vehicle finance

This query is : Resolved 
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(Querist)
24 July 2012 Whether TDS is to be deducted on interest paid on vehicle finance etc. ?
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CA mahesh birla

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CA mahesh birla (Expert)
24 July 2012 No not required
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Amol S Joglekar

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Amol S Joglekar (Expert)
24 July 2012 No. Not required. (If you have taken private finance say from individual, relative... then the answer will change.)
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
24 July 2012 finance from which institution
banks
NBFC
or
Private Institution
or others
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CA mahesh birla

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CA mahesh birla (Expert)
24 July 2012 any of bank, institution, nbfc you need not to deduct tds
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
24 July 2012 for private institution and NBFC
194a is applicable
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
24 July 2012 for a institution like
xyz finance
you need to deduct TDS
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
25 July 2012 CA SOURABHA SETHIYA REPLUY I AGREED
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neeraj

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neeraj (Querist)
28 July 2012 thnx a lot to all of u..........
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