TDS on foreign Loan (Personal)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2011
I borrowed some funds from my relatives in UK and USA. The funds were remitted into my personal account. Now I want to repay the loan. I am not going to pay any interest on the loan.
Is there any TDS on repayment of principal amount of the loan?
Is there any TDS on repayment of principal amount of the loan?
25 April 2011
tds is not applicable,
Message likes :
1 times
25 April 2011
TDS is applicable only on interest and not on repayment of principal amount.
05 May 2011
TDS provision will not applicable because you are not paying any income outside India.
More over this is capital nature transaction not revenue nature.
More over this is capital nature transaction not revenue nature.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
