TDS Rate for interest on unsecured loans

This query is : Resolved 

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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