Tds on interest
This query is : Resolved
13 December 2011
our client partnership firm having unsecured loan from others above Rs.25 Laks... loan amt is opening balance in 2011. can i provide interest yearly or quarterly... pls help us....
13 December 2011
Yes you need to provide interest and deduct TDS u/s 194A thereon. No fixed period as such for providing interest. You can do both, quarterly or annually.
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