29 October 2010
Can i as an individual tax-filler pay interest for a loan to another individual or HUF without deducting TDS amount and still claim the interest paid as expenses in my P&L statement. All parties involved in the above transactions are below audit limit.
29 October 2010
The turnover in case if the individual is engaged in the buiness. If Income of a person other then business exceeds beyond Rs 40/60 Lac, still he is not liable to deduct TDS from laon given to any other person
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