Intrest on car loan

This query is : Resolved 

23 March 2012 Dear Sir,

our company bought car & paid installment with interest to icic bank than our liability to deducted TDS on interest amount or not

23 March 2012 No Bank is exempt from TDS on interest

23 March 2012 Exemtion has been granted to deduction of TDS for Interest paid to a banking company or any co operative society engaged in banking business under section 194A.





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