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Tds

This query is : Resolved 
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(Querist)
19 October 2011 Dear Sir,

I m a director of company & i bought new car with bank loan & regularly pay interest & principal amount my first installment paid of Rs. 6000/- interest than we liable to diducted tds on this interest amount
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
19 October 2011 IF INTEREST PAID TO THE BANK OR PAID BY THE BANK ON SAVING A/C,NO TDS REQUIRED TO BE DEDUCTED...THERE IS NO ANY OBLIGATION

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