Interest on laon in non audit

hello,
if we are giving interest on individual loan in proprietorship firm above specified limit under non audit case then tds applicable??
Replies (3)
Quick Summary
This discussion explores whether Tax Deducted at Source (TDS) applies to interest paid on individual loans within a proprietorship firm when the firm is not subject to an audit. It clarifies that TDS generally applies to interest earned from various sources, including unsecured loans. However, there's a specific query regarding its applicability in non-audit scenarios for unsecured loans and commission payments, seeking definitive clarification.

  • TDS applies to interest earned from various sources, including:
    • Fixed deposits
    • Bonds
    • Unsecured loans
    • Loans and advances
    • Payments to Non-Banking Financial Companies (NBFCs)

TDS not applicable on Interest on Securities for Non audit companies 

Doubts not clear ,pls clarify if there is non audit firm and paying interest on unsecured loan, commission, then tds applicable ?
Interest on loan in non audit

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