Tds on interest in huf
This query is : Resolved
16 May 2014
Respected Sir,
i have an HUF named ABC. I have unsecured loan. plse tell me is it mandatory that interest debited on unsecured loan if the party does not want.
secondly if interest debited is it mandatory that tds dedcuted on interest?
it's urgent .
i have an HUF named ABC. I have unsecured loan. plse tell me is it mandatory that interest debited on unsecured loan if the party does not want.
secondly if interest debited is it mandatory that tds dedcuted on interest?
it's urgent .
Sandeep Dharar
(Expert)
16 May 2014
Yes Interest should b charged on that amount and TDS should also b deducted.
16 May 2014
whether the party is individual?
is there any fixed interest rate?
or it is a mutual understanding between the parties?
is there any fixed interest rate?
or it is a mutual understanding between the parties?
Sandeep Dharar
(Expert)
16 May 2014
The rate is fix @10%.
Sandeep Dharar
(Expert)
17 May 2014
Sahil convey ur thanks by hitting thanks button.
Well u r welcom.
Well u r welcom.
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