Tax deducted at source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2011
i am a proprietor, & i have taken a loan from private co (india bulls) to run the business & i am not liable for tax audit as my turnover is below 60, lacs. i would like to know whether i am liable to deduct tax on interest component.? and also is it compulsory to take tan number.
22 November 2011
TAN number not required and also your(Individual) turnover for the last previous year was less than 60lacs,provisions of section 194A are not applicable,TDS deduction not required.
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