Tds on interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2013
SIR
PLEASE LET ME KNOW IF I M RUNNING A PROPRIETOR SHIP FIRM AND MY TURNOVER UNDER TAX AUDIT , IN THAT CASE SHOULD I DEDUCT TDS ON INTEREST GIVEN TO UNSECURED LOAN.
PLEASE EXPLAIN
THANKS & RGDS
MUKESH KUMAR
PLEASE LET ME KNOW IF I M RUNNING A PROPRIETOR SHIP FIRM AND MY TURNOVER UNDER TAX AUDIT , IN THAT CASE SHOULD I DEDUCT TDS ON INTEREST GIVEN TO UNSECURED LOAN.
PLEASE EXPLAIN
THANKS & RGDS
MUKESH KUMAR
21 April 2013
If you file was subject to Tax Audit during Previous Year then you need to deduct TDS on Interest paid by you otherwise not.
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