Tds on interest
ROHIT KALE (38 Points)
14 January 2021
whether interest paid to Mahindra finance is disallowed of no tds deduction made
2 Replies
Thiyagarajan Kandasamy
(118 Points)
Replied 14 January 2021
TDS to be deducted for interest paid, if loan is taken from any private financial institution, section 194A @ 7.5%
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 16 January 2021
Yes disallowed to the extent of 30 %
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