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TDS on Bank Interest

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(Querist)
20 February 2010 If we repay the bank loan in which interest is inclueded. Is there need to deduct TDS on Interest or not?
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
20 February 2010 Not require to deduct TDS on interest paid to financial institution.
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Rahul Gupta

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Rahul Gupta (Expert)
21 February 2010 Agreed. No TDS is to be deducted.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 February 2010 agreed

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