Please Help: TDS on Interest on Vehicle Loan from other than Bank
Posted Date : 03-Dec-2012 , 04:23:47 pm | Posted By: ATUL SONI
Category :
Income Tax | Answers :
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Comments :
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Whether u/s 194A will be applicable in case of loan taken from Megama finance co.for vehicle purchase. |
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| Posted By : Vipul Jadhav |
18-Dec-2012, 08:02:13 |
| Yes applicable for other than banks and co-operatives. |
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| Posted By : P C Bhansali |
04-Dec-2012, 06:32:36 |
| yes it would be applicable but payment is through ecs or direct debit so every month you have to deposit tds and then claim it from that company after issuing tds certificate |
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