Hello,
IS INT CHARGED ( MORE THAN 10000 RS/-)BY ANY INSTITUTION ON CAR LOAN ATTRACT TDS LIBILITY??
PiyushAgrawal (Chartered acooutant in practice) (575 Points)
06 May 2009Hello,
IS INT CHARGED ( MORE THAN 10000 RS/-)BY ANY INSTITUTION ON CAR LOAN ATTRACT TDS LIBILITY??
Sudhir Kumar Kalra
(Taxation Advisor)
(41 Points)
Replied 06 May 2009
Interest charged by financial institutes or bank on car loan does not attract TDS.
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