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Tds on payment

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(Querist)
05 January 2016 Sir, can we deduct TDS on payment of Interest on car loan ?
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Ankur Singhal

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Ankur Singhal (Expert)
05 January 2016 No requirement to deduct TDS on loan from bank or public financial institutions.
In other case deduct TDS if interest exceeds Rs. 10000p.a( like loan from india bulls etc)

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