TDS liability on unsecured Loan from India Bulls
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
Dear Sir,
Pls tell me whether TDS liability arises on Interest payment on Unsecured Loan from India Bull u/s 194A
Also tell me Whether India Bulls falls In The Exemption List of section 194(3)
Pls tell me whether TDS liability arises on Interest payment on Unsecured Loan from India Bull u/s 194A
Also tell me Whether India Bulls falls In The Exemption List of section 194(3)
Sunil Kr. Sanganeria
(Expert)
17 January 2011
Yes TDS u/s 194A should be deducted if Interest amount is more than Rs.5000 in a Year
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