Hello, I have one of my client(Firm) taken Car loan from Kotak Mahindra Prime being NBFC, but while paying interest on loan they don't allow us to deduct TDS rather they say that we directly deposit it to govt on your behalf from interest that we pay.
Now question is whether I have to take certificate from it to that effect from Kotak or should I disallow exp. in ITR
Suggest appropriate solution and alternate remedy to above case.
Thanks in advance
No need deduct TDS for Loan Interest amounts...
CAclubindia
