TDS Rate for interest on unsecured loans

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(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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