My client is liable to audit u/s 44AB, he has taken a vehicle on finance from Ashok Leyland. Alongwith the principal amoun he is paying interest of more than Rs. 10000/- to the co.Is he required to deduct TDS on the amount paid as interest.
TDS on interest paid o Ashok Leyland Finance
SANJAY VERMA (Chartered Accountant) (334 Points)
14 September 2008
CAclubindia
