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Loan to subsidiary ?

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(Querist)
05 April 2015 Both are closely held company.H holding co gave Rs. 10 lacs loan to S subsidiary company.Taxation effects ??
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CA Deven

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CA Deven (Expert)
06 April 2015 S will deduct TDS @ 10% on Int and pay...will be income for H ..no other Taxation effect

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