Hellow ,
Would you please tell me that is it mandatory to deduct tds on interest other than interest on securities if the loan has been taken from a relative.
Rahul Agarwal
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Tds
Replies (7)
Yes, if the amount of interest paid during the year is greater than Rs.5,000/- and if you if tax audit is applicable to you, in case of individual.
Hi Rahul,
What a coincidence that I was having similar troubles. Then, I did some research online and found a great website that cam handy. Sharing the link here: https://bit.ly/money-finance. Do go through, it is quite elaborate.
Agree with Rahul Sharma ji..
Yes, if the amount of interest paid during the year is greater than Rs.5,000/- and if you if tax audit is applicable to you, in case of individual.
agree with C.A. Pravin Singh
dear sir,
we pay RENT for hiring a CISCO Router yearly. It is a machine used in IT Dept. for network/Wi-Fi access. is TDS applicable u/s 194C OR 194I. pls. advise me.
thnx/
Narendra Bandhankar.
Dear Sir
Tds will be deducted @ 2% on plant & m/c under 194I.
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