Intarest paid on car loan
This query is : Resolved
27 January 2013
dear sir
an individual assessee taken a car loan from tata mottors, intarest on car loan paid tds is need to be deducted or not? please clarify thanks......
an individual assessee taken a car loan from tata mottors, intarest on car loan paid tds is need to be deducted or not? please clarify thanks......
27 January 2013
First of all no individual or HUF needs to deduct tax at source unless he has got business income and having a tax audit of such business.
Secondly, TDS need not be deducted if the payments are made to Public financial institutions.
Secondly, TDS need not be deducted if the payments are made to Public financial institutions.
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