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Applicability to deduct tds

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19 November 2013 hello people one of my friend is carrying out business and his turnover is less than 20 lakhs also his profit rate is over 10% of sales. now he wants to pay interest to his friends from whom he has taken loan to Carry on business. now is he liable to deduct Tds and simultaneously apply for tan??? please help
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 November 2013 mention the loan amount....for appropriate sugestion.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 November 2013 not applicable as 194A applies to individuals only when 44AB become applicable.
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