Interest on car loan
This query is : Resolved
03 March 2012
Dear Sir,
I have bought new car in apr-2011 on director name book in his compnay & they paid loan instal ment with interest to bank than our liability to deduct tds from interest amount
I have bought new car in apr-2011 on director name book in his compnay & they paid loan instal ment with interest to bank than our liability to deduct tds from interest amount
03 March 2012
Hi,
The provisions of TDS does not require any tax deduction for interest paid to banks and financial institutions.
Regards
The provisions of TDS does not require any tax deduction for interest paid to banks and financial institutions.
Regards
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