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TDS Rate for interest on unsecured loans (Income Tax)

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This query is : Resolved

( Querist )
20 January 2010

Dear sir / madam,

What is the rate of tds for interest on unsecured loans?

CA Prashant Gupta

( Expert )
20 January 2010

TDS rate on interest on unsecured loan is 10% u/s 194A

CMA Ramesh Krishnan

( Expert )
20 January 2010

Yes. 10%



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