Tds for interest payment for loan from group company


(Querist)
15 May 2019
Request you to kindly guide us,

We received Loan from group company, we have to payment month interest for the same.

Shall we deduct TDS for the same, if yes under which section should be used and what percentage should be used.

Thanks


KAVIRAJA ADDANGADI (Expert)


Click to Talk 15 May 2019
Yes TDS to be deducted u/s 194A @10%


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