Sir i want to reconfirm for the following
If company has given interest on unsecured loan u/s 194A
to individual then rate of TDS to be deducted by company is
10.3% subject to Surchargeto be levied.
the said rate is correct that please confirm
if in current financial year if interest payable to indiviual is less then Rs. 5,000/- then whether company has to deduct TDS or not? please help me on that matter.
Thanks
Manoj Asher
CAclubindia
