Income tax
This query is : Resolved
29 August 2012
Whether TDS should be deducted on interest paid to NBFCs?
Asset financed through HP then whether tds shd be deducted on interest paid to NBFC.
Whatever is written in the agreement it's clear that the hire purchaser is going 2 be the owner of that asset.......i.e. substance of the transaction...
Muthoot finance case
Asset financed through HP then whether tds shd be deducted on interest paid to NBFC.
Whatever is written in the agreement it's clear that the hire purchaser is going 2 be the owner of that asset.......i.e. substance of the transaction...
Muthoot finance case
02 September 2012
NO TDS on hire purchase.
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