Liability to deduct tds on int paid on loan frm credit co-op

This query is : Resolved 

11 October 2012 Is there any liability to deduct T.D.S on loan taken from credit co-operative society? Explain provisions in detail. In above query individual is regularly getting his books of accounts audited.

11 October 2012 An individual or a Hindu undivided family need not deduct tax unless they are "tax auditable" for the imediately preceeding financial year.



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