Tds on interest paid from saving account of proprietor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2013
If an individual has paid interest from his saving account and he has Proprietorship which is liable for audit then whether TDS provisions are applicable. Any income earned or paid on that loan is shown as Income from other sources
19 October 2013
TDS to be deducted on Interest paid on loan u/s 194A @10% if threshold limit is crossed, as the file is under Tax Audit.
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