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.
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TDS on interest paid o Ashok Leyland Finance
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Yes TDS is to be dudected on interest however after submission of TDS certificate to Ashok Laylend they will pay back the TDS amount to the borrower
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