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This query is : Resolved 
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(Querist)
20 February 2015 CAN WE PAY INTEREST ON UNSECURED LOAN & SALARY TO DIRECTOR IN SAME FY??
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CA Anjana Grover

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CA Anjana Grover (Expert)
20 February 2015 Yes ,

You can pay interest & salary in the same FY.
But the thing is that you should deduct TDS on Interest U/S 194A on interest given on loan.
& tds u/s 192B on Salary.

Regards
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