Tds u/s 194a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2014
Hi,
We are partnership firm we have purchased vehicle in partner name and interest benefit on loan (NBFC) on vehicle claimed in partnership firm whether we require to deduct TDS U/s 194A.
Please express opinion.
Thanks in Advance.
We are partnership firm we have purchased vehicle in partner name and interest benefit on loan (NBFC) on vehicle claimed in partnership firm whether we require to deduct TDS U/s 194A.
Please express opinion.
Thanks in Advance.
05 December 2014
Yes mandatory to deduct TDS on interest paid if it is more than 5000 in a financial year
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