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Tds on interest paid to relative

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2017 Am I liable to deduct TDS on interest paid to relative? If yes what is the procedure to deduct and remit? I am an individual and do not have TAN number
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
24 September 2017 Is the loan is taken for bussiness or pursonal purposes
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
24 September 2017 If loan is taken for bussiness purpose and the books of accounts of the business gets audited last year than you will be liable for TDS otherwise not



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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2017 Thanks for help, Mr. Ballodia

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