Hellow ,
Would you please tell me that is it mandatory to deduct tax on interest on loan taken from relative.
Rahul Agarwal
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Tds
Replies (1)
If you are liable to deduct TDS then should be deduct otherwise has to submit form 15G or 15H.
The company assessee, The partnership firm, and the assessee who are doing tax audit under section 44AB or must and should be liable to deduct TDS on the payments of expenditure by it.
OM SAI SRI SAI JAI JAI SAI
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