TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
We are Paid This Year(F.y 2010-11) Interest on Unsecured Loan Rs. 20000.00 ( Mr. Amal 15,000 & Mr. Tamal 5,000) then can We deduct TDS or Not?
23 February 2011
Sec 194A-Interest other than from a Banking Co.
You can deduct TDS from Mr. Amal (10% of Rs 15000/- = Rs 1500).
You can not deduct TDS from Mr. Tamal as threshold limit of Rs 5000/- is not crossed.
You can deduct TDS from Mr. Amal (10% of Rs 15000/- = Rs 1500).
You can not deduct TDS from Mr. Tamal as threshold limit of Rs 5000/- is not crossed.
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