TDS on Interest on car loan from Maruti Countrywide

Hi Mr Mohan, Madhu and Gowdhaman,

In my opinion, TDS would be deductible u/s 194A. This is becauseMaruti Countrywide is neither a banking company registered under theBRA 1949 nor a body that's been notified by the government u/s 194A(3)(iii)(f). And companies like Maruti Countrywide and KotakMahindra don't seem to be covered under any of the other exemptionslisted in sub-section 3 of Section 194A either.The onus to prove that TDS isn't deductible on interest to MarutiCountrywide or the like is on those who claim so. If we can't find anotification or circular supporting such a claim, Section 194Astands applicable to such interest payments.Thanks,CA Sanjeev Bedi--- In

ICAI_CIRC_MEERUT_CA@yahoogroups.com, madhu tapuriah wrote:>> but why? under which provisions ????>> --- On Mon, 22/12/08, gowdham wrote:> From: gowdham > Subject: Re: {amresh's-CA's} TDS ON INTEREST ON LOAN> To: ICAI_CIRC_MEERUT_CA@yahoogroups.com> Date: Monday, 22 December, 2008, 10:56 AM>>>>>>>>>>>> Dear Mr.Mohan,>  > You need not deduct TDS.>  > Thanks &regards>>> R.S.GOWDHAMAN>> --- On Fri, 19/12/08, mohangee wrote:>> From: mohangee > Subject: {amresh's-CA' s} TDS ON INTEREST ON LOAN> To: ICAI_CIRC_MEERUT_ CA@yahoogroups. com> Date: Friday, 19 December, 2008, 12:33 PM>>>>>> Sir,> My client is a partnership firm took loan from maruthi countrywide for a vehicle.> Whether tds is to be deducted for the interest paid on loan tomaruthi countrywide?> CA MohanÂ