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.
CA SANJAY MUKHERJEE
(Expert)
23 October 2009
Yes if interst exceeds Rs. 5000 in a f.year.
Aditya Maheshwari
(Expert)
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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