Dear Sir
please suggest we have to pay interest on unsecured loan to individual.Individual has no other income we don't have Tan number.Can we pay 24000 interest to individual person Tds is mandatory or not.how much amount we have pay without deduction of TDS
Menu
Interest unsecured loans
Replies (6)
What's your turnover in last year
Sir
previous year 2019-20 turn over 1 crore 18 Lacs and this year 2020-21 around 2.50 crore
previous year 2019-20 turn over 1 crore 18 Lacs and this year 2020-21 around 2.50 crore
Yes TDS should be deducted u/s 194A @ 7.5%
Sir Can we pay interest without deduction of TDS
No, you have to deduct tds , if interest exceeds Rs. 5000
TDS should be Deducted
Recent Threads
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
Related Threads
CAclubindia
