Does the Tds deduction applicable on intrest on vehicle loan? Is it possible to compute the same on basis of Old income tax slab
Does the Tds deduction applicable on intrest on vehicle loan? Is it possible to compute the same on basis of Old income tax slab
Interest payable by banks is prone to tds. But not your interest payable. Interest paid by friends or relatives is prone to 5% but not vehicle loan. Tds is applicable on purchases above 50 lakhs worth goods only
If it is not a Bank .....you should deduct tds on paying interest against Vehicle Loan
@ Naredra under what section please
| Originally posted by : Yasaswi Gomes new | ||
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@ Naredra under what section please |  |
Same, 94 A
Gupta Sachdeva & Co. Chartered Accountants
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