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t.d.s of non banking finance co.(nbfc)

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(Querist)
05 October 2008 hiiii...
is it necesary to deduct on interest paid to non banking finance co.(nbfc) for vehicle financed from them ?
thankx
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
06 October 2008 Yes.
If The Interest Amount Exceeds 5000/-.

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