Interest income unsecured loan
This query is : Resolved
uma sharma
(Querist)
16 July 2024
If i have received 10500 per month (126000pa)interest from a salaried person . Do that person if required to deduct tds
And also rebate is available to me for intt amount
And also rebate is available to me for intt amount
CA Puja Sharma
(Expert)
16 July 2024
Yes rebate u/s 87A is allowed on the interest income also. Rebate is allowed if your total income does not exceed Rs. 5,00,000.
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