Tds on salary advance or loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2018
Dear Sir,
In a pvt ltd company , given salary advance to employee then any TDS is applicable in salary advance, and
In a pvt ltd company , given interest free loan given to Employee, then any TDS is applicable towards loan
please suggest
In a pvt ltd company , given salary advance to employee then any TDS is applicable in salary advance, and
In a pvt ltd company , given interest free loan given to Employee, then any TDS is applicable towards loan
please suggest
28 March 2018
Yes, TDS is applicable on advance salary (provided his/her salary cross the Taxable limit as mentioned u/s 192B).
No, TDS is not applicable on Interest free loan, reason- no interest component present in loan.
No, TDS is not applicable on Interest free loan, reason- no interest component present in loan.
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