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intrest on unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2010 i hv client who had unsecurd loan from his wife Rs26 Lac & Rs 25 Lac from his HUF wht will be Intrest does here TDS Attreact my client is already under tax audit but if we issue forn 15c then
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Jaina Shah

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Jaina Shah (Expert)
08 June 2010 TDS will be attracted but it is subject to limits u/s194A
Also the client should have been liable for tax audit in the previous year.
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