Tds on payment of intrest with emi of vehicles


This query is : Resolved 

(Querist)
13 February 2015 if a partnership firm pay EMI of vehicles to inda bulls finance ltd than it should be required to deduct tds us 194A ??

13 February 2015 yes sec 194A is applicable in this case

14 February 2015 TDS required to be deducted u/s 194A on the Interest portion of EMI.

Rupesh Jain (Expert)
14 February 2015 yes tds will applicable u/.s194A @ 10% if PAN available otherwise@20%.


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