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Tds applicable on un secured loans for partner ship firm

This query is : Resolved 

Sir,
A partnership firm cash loans rs:19,000/- * 20 different persons amount rs:3,80,000/- received.(un secured loans)
Question:
A partnership firm cash loan received persons amounts interest pay amounts tds applicable in it act.

TDS applicable if threshold exceed.

interest each person rs:2280*20 persons tds

TDS not applicable in such a case.



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