Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2015
i am paying an individual person as accounting charges rupees 20000/- p.a. and also taken a loan from him and interest thereon is amounting of rs. 12000/- then what % of TDS i have to deduct.
it will be total including of accounting charges and interest or only on interest part.
please tell me in detail.
Thanking you
it will be total including of accounting charges and interest or only on interest part.
please tell me in detail.
Thanking you
25 December 2015
You can deduct tds on interest part as per sec 194A Tds to be on interest if it exceed Rs.5000/ P.a so you have to deduct TDS @10% on Rs.12000/
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