Tds
please confirm if I have taken loan from anybody, in my personal name, is tds applicable on interest to be paid.
Replies (1)
TDS is applicable u/s 194A if interest paid exceeds Rs. 5,000 during the F.Y.
.
But if tax audit was not applicable to you during the F.Y. 2014-15, then you are not liable to deduct tax during the F.Y. 2015-16 [Proviso to section 194A(1)]
.
and that ‘anybody’ should be a resident.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- 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
Related Topics :
CAclubindia
