Should I deduct & pay TDS on interest on loan at the time of its payment? We are private limited co.. we have repaid loan taken from one of the partner and now there is no due remaining to him. Should I deduct interest & TDS on it & pay the same? we make payment of loan on 01.08.2012
Menu
Pay tds on interest on loan at the time of payment?
Replies (1)
As per section 194 A TDS should be deucted for interest other than interest on securites so you are liable to pay tds on interest amount paid to him
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
