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tds on interest on unsecured loans

This query is : Resolved 

23 October 2009 in case of private limited company, do we need to deduct tds on intt on unsecured loan from shareholder/ director? the inerest is paid yearly.

23 October 2009 Yes if interst exceeds Rs. 5000 in a f.year.

23 October 2009 Yes TDS deductible u/s 194A at the time of payment or credit if interest exceeeds Rs. 5000


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