Tds applicable on un secured loans for partner ship firm


This query is : Resolved 

Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) on unsecured loans received by a partnership firm. It addresses whether TDS is applicable when a firm receives cash loans from multiple individuals, exceeding a certain threshold, and when interest is paid on these loans. The consensus suggests TDS is not applicable in this specific scenario, provided individual interest payments do not exceed the prescribed limits.

17 September 2021 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.

18 September 2021 TDS applicable if threshold exceed.

18 September 2021 interest each person rs:2280*20 persons tds

18 September 2021 TDS not applicable in such a case.


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