Menu
Sir, whether tds has to be deducted from loan taken from relative?
Sir,
when loan taken from relative whether Tds has to be deducted.Is it compulsory to deducted Tds if Yes then in what amount from it applicable.
Replies (8)
TDS not applicable over loan taken or even repayment; but over interest paid over it, if any.
TDS is not applicable on loan taken or repaid. It's applicable on interest.
Is there any limitation on interest, on and above of interest TDS should be deducted.
If you are individual (not liable to audit in previous year) who has taken loan, no TDS will be applicable
Sir,
Then Tds is applicable for whom.
For all other than (Non audit liable) individuals/hufs like companies, firms, etc. (e.g. Bank, NFBC, corporates, partnership firms etc. etc.)
Thank you sir , new thing comes to be known.
A VERY HAPPY NEW YEAR.
Thakx and same to you all. Happy new year, 2017.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
