Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2014
Hi,
I have a prop firm which is under tax audit.
I have few personal loan on which I have made interest payment, but i have not deducted TDS as it was my personal loan and not business loan.
Do i need to deduct TDS in the current case??
I have a prop firm which is under tax audit.
I have few personal loan on which I have made interest payment, but i have not deducted TDS as it was my personal loan and not business loan.
Do i need to deduct TDS in the current case??
06 August 2014
If Loan taken from Bank then TDS deduction not required otherwise TDS is required to be deducted since Tax Audit Applicable.
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