TDS on Interest

This query is : Resolved 

11 January 2011 Hello Sir, Some unsecured loan has been taken from India Bulls , bajaj Finance Co, Cholamangalm DBS, reliance capiatl ltd Loan payment through EMI on Monthly basis , what can we laible to deducted TDS On Interest paid to co, if yes kindly guide us what can booked entry in the books,

11 January 2011 based on reate on interest , you have to calculate interest part in EMI.

Then you deduct the TDS on interest amount.

11 January 2011 compulsury to deducted or not a part of interest in EMI




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