Tds

This query is : Resolved 

21 July 2012 sir,

we are paying EMI for vehicles purchased 35000/

are we liable to deduct tax on monthly payment?

can we make deduction on last payments without deducting first payments


21 July 2012 You are not liable to deduct TDS on Interest paid to Bank on EMI

21 July 2012 No you are not liable to Deduct




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