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insurance and tds

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(Querist)
08 September 2008 I want to know that the Insurance of Cars is to be included as vehicle running & maintenance charges for FBT.


Is TDS u/s 194A applicable to Interest payments on Vehicle loans paid to Banks & Financial Institutions?
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Jitender

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Jitender (Expert)
08 September 2008 yes.
tds is not applicable for intt payment to banks.

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