Tds

This query is : Resolved 

19 October 2011 Dear Sir,

I m a director of company & i bought new car with bank loan & regularly pay interest & principal amount my first installment paid of Rs. 6000/- interest than we liable to diducted tds on this interest amount

19 October 2011 IF INTEREST PAID TO THE BANK OR PAID BY THE BANK ON SAVING A/C,NO TDS REQUIRED TO BE DEDUCTED...THERE IS NO ANY OBLIGATION



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