Tds deduction on interest
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2016
Hello sir
If individual taken mortgage loan for businees , then it is require to deduct tax even if individual is not in audit i.e non audit case
Because
In scrutiny officer is demanding form 26A for above individual case as i not deducted tds
What to do in this case
If individual taken mortgage loan for businees , then it is require to deduct tax even if individual is not in audit i.e non audit case
Because
In scrutiny officer is demanding form 26A for above individual case as i not deducted tds
What to do in this case
Nikhil Kaushik
(Expert)
16 February 2016
no. if the turnover is below the audit limit, then no tax is required to be deducted.
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