Tds on interest on unsecured loan
This query is : Resolved
19 April 2014
Dear Sir
We have to pay the interest Rs.42000/- on unsecured loan But the lonee has not provided the pan number. Is there 20% TDs applicable on it or not. If Yes then what will we write in the column of PAN number in the TDS return.
Regards
Satish Kumar
We have to pay the interest Rs.42000/- on unsecured loan But the lonee has not provided the pan number. Is there 20% TDs applicable on it or not. If Yes then what will we write in the column of PAN number in the TDS return.
Regards
Satish Kumar
19 April 2014
TDS to be deducted @20% if PAN is not privided. In TDS Return mention PANNOTAVBL and flah higher deduction.
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