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T.d.s on interest on loans from director

This query is : Resolved 
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(Querist)
28 December 2013 A Pvt. Ltd. Co. has taken loan from one of its directors @ 12% p.a. At the time of making payment of interest on loan to directors, is A Pvt. Ltd. Co. required to deduct TDS on the interest amount and hence pay the balance amount of interest after deducting tds to the director..?
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TRINATH

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TRINATH (Expert)
28 December 2013 HI,
YES YOU ARE LIABLE TO DEDUCT TDS.

TNKS,
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Ruchi Agarwal

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Ruchi Agarwal (Querist)
28 December 2013 Thank U Sir.

Can U tell me at What Rate TDS is to Be Deducted?
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TRINATH

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TRINATH (Expert)
28 December 2013 HI,
AS PER SEC 194A PLEASE REFER BELLOW LINK:

https://www.simpletaxindia.net/2010/04/tds-on-interest-sec-194a-misc-circulars.html

Tnks,
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Guest

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Guest (Expert)
28 December 2013 At the rate of 10%
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TRINATH

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TRINATH (Expert)
28 December 2013 yes agree with expert.

Tnks,
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