Liability to deduct TDS in FY 2019-20
This query is : Resolved
Quick Summary
Mahabir Prasad Agarwal
(Querist)
21 October 2020
Whether an individual, whose accounts are to be audited first time for FY 2019-20 u/s 44AB is liable to deduct TDS on interest paid on unsecured loans ? The said individual has already obtained TAN.
CA Pawan Koradia
(Expert)
21 October 2020
Yes, if the limit is crossed.
Dhirajlal Rambhia
(Expert)
31 October 2021
Yes, from FY 2020-21.
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