https://www.taxtmi.com/forum/issue?id=2196 TDS u/s.194A applies where the firm pays instalments and finance charges for a vehicle loan taken in a partner's individual name but used in the firm, and the firm claims depreciation and other benefits; by paying those interest-like amounts the firm assumes the obligation and must deduct tax at source as the commercial payor. en-us Fri, 03 Sep 2010 21:25:05 +0530 Thu, 23 Jan 2025 15:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2196 TDS u/s.194A applies where the firm pays instalments and finance charges for a vehicle loan taken in a partner's individual name but used in the firm, and the firm claims depreciation and other benefits; by paying those interest-like amounts the firm assumes the obligation and must deduct tax at source as the commercial payor. Discussion-Forum Income Tax Fri, 03 Sep 2010 21:25:05 +0530 https://www.taxtmi.com/forum/issue?id=2196