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Tds

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(Querist)
11 October 2013 whether tds is deducted on installment amount or on interest amt u/s194A(loan taken from finance company)???
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 October 2013 yes. need to deduct tds on interest amount u/s.194A except if payer is individual/HUF not covered under sec.44AB
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Ganeshbabu K

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Ganeshbabu K (Expert)
12 October 2013 TDS to be deducted on interest paid to finance company(not on instalement amount) under sec 194A
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