TDS ON INTEREST TO RELIGARE & CHOLAMANDALAM

This query is : Resolved 

14 September 2009 Hello every one:
I want to know that our co taken LAP from religare & cholamandalam & paying emi. let me know is there any tds liblity on repayment of interest on EMI paid by us.if yes on which amount only interest amount or total amount paid through EMI + processing fees charged by them

Thanks in advance

14 September 2009 Section 194A is applicable. It is applicable on interest only and not on repayment of principal.

Can not opine on Processing Fee.

14 September 2009 Mostly TDS not applicable on processing fees and TDS liable on interest part only.




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