Tds

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BCOM(H) ACA
725 Points Posted on 02 February 2012

dear member 

i just want to know tds applicability on interest paid on car loan taken from  kotak mahindra finance .

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On 02 February 2012 at 20:47 Report
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CA FINAL
1306 Points Posted on 02 February 2012

Interest in applicable if interest paid is more than 5000/- ( Rs 10000/- in case of banking company) u/s 194A TDS should be deducted at 10%..........

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On 02 February 2012 at 21:33
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WORKING
757 Points Posted on 02 February 2012
tds not applicable on paymt of such int to finance companies
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On 02 February 2012 at 22:06

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