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Tds u/s 194a

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2014 Hi,

We are partnership firm we have purchased vehicle in partner name and interest benefit on loan (NBFC) on vehicle claimed in partnership firm whether we require to deduct TDS U/s 194A.

Please express opinion.
Thanks in Advance.
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Ganeshbabu K

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Ganeshbabu K (Expert)
05 December 2014 Yes mandatory to deduct TDS on interest paid if it is more than 5000 in a financial year

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