I have a car loan account with reliagare financial institution for Rs.300000/-. I am paying monthly EMI of 35000/- for 10 months. (30000 principal + 5000 interest).
I want to know the entries to be passed to close he account and also suggest any tds to be deducted, because i have to pay fixed EMI and can't reduce the TDS amount from EMI Portion. Which means i need to pay from my pocket ?