Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2014
if an individual has taken a loan from an NBFC or a private limited company does he has to deduct TDS on the interest paid to the company?
15 April 2014
no if he take loan in individual capacity
if he is prop of the firm in which accounts are liable to audit u/s 44AB then he have to deduct the tds and deposit the same
if he is prop of the firm in which accounts are liable to audit u/s 44AB then he have to deduct the tds and deposit the same
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15 April 2014
for that check whether in prev FY that individual was liable to tax audit u/s 44AB.
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