interest income
This query is : Resolved
k suresh babu
(Querist)
20 November 2008
sir,
one individual assesse paid to interest for annum rs.1,00,000/- receiver person is also individual
the above deal is tds applicable or not.
one individual assesse paid to interest for annum rs.1,00,000/- receiver person is also individual
the above deal is tds applicable or not.
Ajith Kumar
(Expert)
20 November 2008
If the person who paid the interest is liable to get his accounts audited u/s 44AB i.e if his business income exceeds 40L then he is liable to deduct the TDS
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