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TDS on interest

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(Querist)
15 July 2017 If i take loan in my personal account then transfer the funds to my proprietorship firm account (which is liable to tax audit), then is there liability of TDS deduction ?
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
15 July 2017 if the interest paid is being claimed as business expense, then yes, TDS will apply.

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