https://www.taxtmi.com/forum/issue?id=2604 A tax deductor must deduct TDS on finance charges or other charges paid for a vehicle loan when aggregate payments exceed the statutory threshold; production of a nil deduction certificate obviates deduction and a lower deduction certificate permits deduction at the lower rate. Payments to banking companies, public financial institutions, or cooperative societies engaged in banking are generally not subject to TDS, and payers should verify whether a particular lender qualifies for that exemption. en-us Wed, 05 Jan 2011 19:12:38 +0530 Thu, 23 Jan 2025 15:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2604 A tax deductor must deduct TDS on finance charges or other charges paid for a vehicle loan when aggregate payments exceed the statutory threshold; production of a nil deduction certificate obviates deduction and a lower deduction certificate permits deduction at the lower rate. Payments to banking companies, public financial institutions, or cooperative societies engaged in banking are generally not subject to TDS, and payers should verify whether a particular lender qualifies for that exemption. Discussion-Forum Income Tax Wed, 05 Jan 2011 19:12:38 +0530 https://www.taxtmi.com/forum/issue?id=2604