Tds on interest component in emi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2014
A Pvt. Ltd. Co.took a loan from ReligarLoan is repayable in monthly EMI installments consisiting
of principal & interest.
Query is:
Whether tds to be deducted on interest
component .
of principal & interest.
Query is:
Whether tds to be deducted on interest
component .
25 December 2014
IF LOAN FORM NON BANKING COMPANY THEN YOU HAVE TOT DEDUCT THE TDS U/S 194a @ 10%
ON INTT. IF IT IS EXCEEDS RS. 5000/- IN YEAR.
IF YOU TAKE LOAN FROM BANKING COMAPNY THEN NO TDS DEDCUTION REQUIRED.
ON INTT. IF IT IS EXCEEDS RS. 5000/- IN YEAR.
IF YOU TAKE LOAN FROM BANKING COMAPNY THEN NO TDS DEDCUTION REQUIRED.
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