Tds on vehicale loan interest
This query is : Resolved
05 September 2017
Hi,
My Query related to TDS U/S 194a If i pay interest more than 10000/- during a financial year to magama finance or tata capital finance for car loan and car used in business depreciation claimed also in previous year so is it require to deduct TDS on interest paid to above Co.
My Query related to TDS U/S 194a If i pay interest more than 10000/- during a financial year to magama finance or tata capital finance for car loan and car used in business depreciation claimed also in previous year so is it require to deduct TDS on interest paid to above Co.
05 September 2017
Yes TDS has to be deducted on payment of Interest under 194A
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