Section 194 a
This query is : Resolved
23 September 2014
i am individuals and partner in 2 firm i personaly take loan from other sources ( from friend and relative). my question is that i have to deduct tds u/s 194 a on interest paid to friens.( interst amt is more than 15000)
CA R SEETHARAMAN
(Expert)
23 September 2014
Being individual unless you are liable for tax audit you are not required to deduct tds.
23 September 2014
Hi
If your Income has not crossed Tax Audit limit then you are not required to deduct TDS.
Thanks
If your Income has not crossed Tax Audit limit then you are not required to deduct TDS.
Thanks
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