Tds
prakash kumar singh (CA Final) (491 Points)
06 March 2015prakash kumar singh (CA Final) (491 Points)
06 March 2015
Devendra
(Chartered Accountant)
(4775 Points)
Replied 06 March 2015
Dear Prakash Kumar Singh,
As the Loan taken by you is in Personal Name and is taken for the purchase of House, TDS on interest paid shall not be applicable.
However, if Property is used in Business, then TDS to be dedcuted on Interest paid on Unsecured Loan.
Regards,
Devendra Kulkarni
Chartered Accountant
+91 9890543808
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 07 March 2015
Manjunath K
(Articleship)
(28 Points)
Replied 07 March 2015
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