Tds on intt paid on vehicle finance
This query is : Resolved
24 July 2012
Whether TDS is to be deducted on interest paid on vehicle finance etc. ?
CA mahesh birla
(Expert)
24 July 2012
No not required
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.)
CA.Sourabh Sethia
(Expert)
24 July 2012
finance from which institution
banks
NBFC
or
Private Institution
or others
banks
NBFC
or
Private Institution
or others
CA mahesh birla
(Expert)
24 July 2012
any of bank, institution, nbfc you need not to deduct tds
CA.Sourabh Sethia
(Expert)
24 July 2012
for private institution and NBFC
194a is applicable
194a is applicable
CA.Sourabh Sethia
(Expert)
24 July 2012
for a institution like
xyz finance
you need to deduct TDS
xyz finance
you need to deduct TDS
CA BHARATH KUMAR
(Expert)
25 July 2012
CA SOURABHA SETHIYA REPLUY I AGREED
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