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This query is : Resolved
04 January 2016
TDS can be deducted on peyment of loan interest which is given by pvt ltd company
Ankur Singhal
(Expert)
04 January 2016
pls clarify you query to whom the loan is given.
04 January 2016
loan given to car showroom
Ankur Singhal
(Expert)
04 January 2016
car showroom's status under income tax Individual, partnership or company.
Ankur Singhal
(Expert)
04 January 2016
Dear
If interest amount is more than Rs.10000/- pa then the car showroom is required to deduct TDS u/s 194A @ 10%.
If interest amount is more than Rs.10000/- pa then the car showroom is required to deduct TDS u/s 194A @ 10%.
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