T.d.s on interest on loans from director
This query is : Resolved
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..?
28 December 2013
Thank U Sir.
Can U tell me at What Rate TDS is to Be Deducted?
Can U tell me at What Rate TDS is to Be Deducted?
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,
AS PER SEC 194A PLEASE REFER BELLOW LINK:
https://www.simpletaxindia.net/2010/04/tds-on-interest-sec-194a-misc-circulars.html
Tnks,
Guest
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(Expert)
28 December 2013
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