Tds on interest paid to unsecured loan
This query is : Resolved
02 September 2015
I have taken unsecured loan from one individual, I have paid interest Half Yearly,
should i cut TDS from interest paid to the individual? If yes How much? I have read sec - 194A but still i have doubt.
should i cut TDS from interest paid to the individual? If yes How much? I have read sec - 194A but still i have doubt.
03 September 2015
If you are an Individual or a HUF and Tax Audit u/s 44AB was applicable to you in respect of last financial year then you are required to deduct TDS u/s 194A @ 10% if threshold limit of Rs 5000/- is crossed.
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