Tds on unsecured loan interest if person death


This query is : Resolved 

09 April 2014 sir

we received unsecured loan for our Partnership firm, unfortunately that person dead (he was individual) this year (13-14), if any provision for exemption from unsecured loan Interest on TDS or is it necessary to deduct the TDS @ 10%
please clarify, if possible please notify the sections

Rupesh Jain (Expert)
09 April 2014 you can take legal hire PAN THEN YOU CAN DEDUCTE TDS AND DEPOSIT

11 April 2014 sir

we received unsecured loan for our Partnership firm, unfortunately that person dead (he was individual) this year (13-14), if any provision for exemption from unsecured loan Interest on TDS or is it necessary to deduct the TDS @ 10%
please clarify, if possible please notify the sections


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