TDS on Car Loan EMI
This query is : Resolved
07 August 2008
I have a client who has purchased a car on loan from Reliance Capital Ltd. Will he require to deduct tax at source on interest component of EMI if it exceeds Rs.10,000/-?
07 August 2008
no tds is not to be deducted
08 August 2008
Thank you for the reply. But can you please tell me the reason for your answer..
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