tds on interest on unsecured loans
This query is : Resolved
23 October 2009
In case of a private limited company, is tds required to be deducted in case of payment of interest on unsecured loans?
loan taken from shareholder & directors of the company.
loan taken from shareholder & directors of the company.
23 October 2009
Loan taken from whom ? The type of lender is deciding factor, secured or unsecured is not the deciding factor.
Interest paid on lan taken from Bank,Public Financial Instutions, Credit Co-operative society etc is not subject to TDS.
Interest paid on lan taken from Bank,Public Financial Instutions, Credit Co-operative society etc is not subject to TDS.
23 October 2009
yes,
t.d.s is mandatory
t.d.s is mandatory
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