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Querist : Anonymous (Querist)
29 October 2012 Housing loan Sanctions & disburset to an individual in India by city bank.

Payament of housing loan interest by individual to city bank is subject to TDS U/s 195 or not????
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Ki$hor B

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Ki$hor B (Expert)
29 October 2012 No, EMIs towards repayment of loans are not subject to TDS despite the fact that an EMI has both the principal & interest.

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