TDS on Int. paid to banks & financial inst. on vehicle loans

yes

t.d.s on interest is applicable to all types of n.b.f.c (non banking financial institutes)

only banking co.r exempt from this

No

If  paid  to other persons other than these than it has to be deducted.

If any interest is paid to Banks and financial institutions, it need not be deducted.

Interest paid to any other person TDS u/s 194A will be attracted

No

NO,

You should refer to  www.incometaxindia.gov.in for further reference.

Hi

194 is applicable even if you use the word Finance Charges. Sundaram Finance is having exemption certificate. Ashok Leyland Finance is now merged with Indus Ind Bank. Hence 194 is not applicable to Ashok Leyland Finance.

Bye