Tds on interest paid on housing loan to a relative
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2012
hai friends,
Is it required to deduct tds when interest paid on housing loan to a relative person for claiming deduction u/s.24(b). if not deducted is it dis allowed u/s.24(b)
Is it required to deduct tds when interest paid on housing loan to a relative person for claiming deduction u/s.24(b). if not deducted is it dis allowed u/s.24(b)
S.A.BADAMIKAR
(Expert)
02 January 2012
As per My opinion
TDS sections are applicable to Business/ Professional Income Only. Therefore as per my opinion TDS is not required to be Deducted.
TDS sections are applicable to Business/ Professional Income Only. Therefore as per my opinion TDS is not required to be Deducted.
02 January 2012
As its seems you are an individual who's file is not under Tax Audit. Therefore you are not required to deduct TDS. So no disallowance.
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