Tds on unsecured loans

This query is : Resolved 

25 June 2014 whether TDS needs to be deducted by companies from interest given/paid for unsecured loans taken from related parties...

25 June 2014 Yes piyush TDS must b deducted on Interest on unsecured loan u/s 194A.

25 June 2014 yes you have to deduct the tds on interest @ 10% if have PAN other wise @ 20%.
or if they give form 15G/15H then you submit with commission of income tax then you not deduct the TDS on intt.


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