Tds on interest

TDS 785 views 3 replies

is tds attracted on interest paid on loan taken from L&T Finance Ltd. & Interest paid on hire purchase loan attracts tds

Replies (3)

TDS is applicable on interest paid to L&T Finance Limited.

is tds attracted on interest paid on hire purchase loan 

If you are paying interest, TDS is attracted. If you are paying hire rentals then section 194I would be applicable. 


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