Tds
This query is : Resolved
pukhraj kumar
(Querist)
01 August 2014
Hiii
i start a new buss. fiance
i give my clint rs 50000 for rat of int 2 pers pm my clint return money after one months with interest 51000
clint is call we deduct tds on 1000
how in this case pls me suggestion
CA PRIYUL SHAH
(Expert)
01 August 2014
If client is auditable entity, then he required to deduct TDS @ 10% on Rs.10000
Rupesh Jain
(Expert)
01 August 2014
if your intt is over rs. 5000/- then he have to deduct the tds @ 10% u/s 194A
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