A COMPANY HAS TAKEN CAR LOAN FROM KOTAK PRIME MAHINDRA LTD. (SUBSIDIARY OF KOTAK MAHINDRA BANK LTD.). IS TDS APPLICABLE U/S 194A ON PAYMENT OF INTEREST??
REPLY AS SOON AS POSSIBLE.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 30 March 2016
Read FAQ No. 14 -> https://carloan.kotak.com/common/pdf/cs_faqs.pdf
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 31 March 2016
yes. TDS applicable on interest payments.
CAclubindia
