assessee has paid interest on car loans taken from X finance co.. whether the assessee is liable to deduct tax? pls give case reference if any.
CA Dushyant Maharishi (CA) (178 Points)
06 January 2010assessee has paid interest on car loans taken from X finance co.. whether the assessee is liable to deduct tax? pls give case reference if any.
CA Pramod Jain
(manager finance)
(1577 Points)
Replied 06 January 2010
interest paid to nbfcs are liable for tds u/s194a
CAclubindia
