is tds attracted on interest paid on loan taken from L&T Finance Ltd. & Interest paid on hire purchase loan attracts tds
3 Replies
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 29 January 2013
TDS is applicable on interest paid to L&T Finance Limited.
Saurabh Toshniwal
(ca final)
(2363 Points)
Replied 29 January 2013
is tds attracted on interest paid on hire purchase loan
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 29 January 2013
If you are paying interest, TDS is attracted. If you are paying hire rentals then section 194I would be applicable.
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