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TDS ON INT. PAYABLE
I have unsecured loan with me . I have passed entry of interest payable on it. is it necessary to pay TDs on that.
Replies (3)
Interest amount can you sae
Yes but loan amount is more than Rs. 5000 then require to deduct TDS under section 194A
If u are under Tax audit case then TDS to be deducted @ 10%on payment of Rs.5000.00 and above and if u not obtained form15G/15H
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