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(Querist)
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
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CA mahesh birla

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CA mahesh birla (Expert)
21 July 2012 You are not liable to deduct TDS on Interest paid to Bank on EMI
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SANYAM ARORA

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SANYAM ARORA (Expert)
21 July 2012 No you are not liable to Deduct
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