Interest paid
This query is : Resolved
31 March 2018
Dear Experts
a Pvt Ltd Company received a loan from directors in FY 2017-18 , the company provision the interest @ 12% PA of Director Loan A/c , this interest company is liable to deduct TDS u/s 194A @ 10% OR in company & Director relationship not covered the TDS u/s194A
Please clarify the same
Thank you
a Pvt Ltd Company received a loan from directors in FY 2017-18 , the company provision the interest @ 12% PA of Director Loan A/c , this interest company is liable to deduct TDS u/s 194A @ 10% OR in company & Director relationship not covered the TDS u/s194A
Please clarify the same
Thank you
CA Suresh Jain
(Expert)
31 March 2018
TDS is required to be deducted. No, exemption available.
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