Tds rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2012
if one person give unsecured loan in a part in one year Rs400000 so which rate is applicable and ho much amt TDS deduct in a
year?
Please Give me ans.
year?
Please Give me ans.
19 March 2012
TDS would not attract on Unsecured loans payment and receipt but attracts on Interest paid on it under section 194A @10% if pan no of the deductee produced other wise @20% on the interest payment amount.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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21 March 2012
Expert has correctly replied your question
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