Tds on interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2013
ASSESSEE 'S( INDIVIDUAL) ACCOUNTS LIABLE FOR TAX AUDIT DURING PREVIOUS YEAR 2011/12. ASSESSEE PAYS INTEREST ON LOAN TAKEN FROM COOP CREDIT SOCIETY FOR BUSINESS . SHOULD TDS BE DEDUCTED FROM INTEREST
30 April 2013
Yes TDS is required to be deducted from Interest @10%.
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