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tds on interest on hire purchase

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(Querist)
03 April 2009 Is tds applicable on interest charged on hire purchase.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 April 2009 yes
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Sneha

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Sneha (Querist)
03 April 2009 Dear Devanshi,
Can you confirm, because as per my knowledge there was CBDT circular for non deduction of tds on interest on hire purchase.
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