Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 October 2011
A proprietorship firm pay interest on Unsecured loan Rs. 1,00,000. Whether compulsory to deduct Tds on Interest.
06 October 2011
Only if the prop. firm was subject to Tax audit in the immidiate previous year, it is compulsory to deduct tax. Further even if the payee gives form 15G / 15H as may be applicable then no need to Deduct tax
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