Hello,
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.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)