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TDS on foreign Loan (Personal)

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Querist : Anonymous

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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?
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CA Navin Jain

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CA Navin Jain (Expert)
25 April 2011 tds is not applicable,
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Kamal Kothari

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Kamal Kothari (Expert)
25 April 2011 TDS is applicable only on interest and not on repayment of principal amount.
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CA SAURABH GARG

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CA SAURABH GARG (Expert)
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.
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