sir,
A proprietor company has received Loan from Individuals.
what is the applicability of TDS.
Regards
Naadimuthu
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TDS applicability for Loan taken from Individual by proprietor company
Replies (1)
TDS is charged on loans according to the provisions that fall under Section 194A of the Income Tax Act, 1961. Tax Deducted at Source is charged not only on secured loans but there is also a TDS on interest on unsecured loans.
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