Tds 194a
This query is : Resolved
27 March 2014
Dear sir...,
i Have a doubt please solve it.
mr.x is a director in a company.
TDS is applicable to him or not? when he is going to pay the interest amount to another individual who is not a director.
Please solve my query in detail.
Thanking you in advance.
i Have a doubt please solve it.
mr.x is a director in a company.
TDS is applicable to him or not? when he is going to pay the interest amount to another individual who is not a director.
Please solve my query in detail.
Thanking you in advance.
27 March 2014
for what purpose is the payment is to be made?
27 March 2014
loan purpose. interest paid for the purpose of loan.
Nikhil Kaushik
(Expert)
27 March 2014
where director is paying the interest in his personal capacity, no TDS obligation arise as long as the tax audit is not applicable.
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