TDS ON INT. PAYABLE

02 March 2019

I have unsecured loan with me . I have passed entry of interest payable on it. is it necessary to pay TDs on that.

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pritesh (CA Final student) (7101 Points)
Replied 02 March 2019

Interest amount can you sae

M.M Sachora (Tax Professional & Advisor) (1421 Points)
Replied 02 March 2019

Yes but loan amount is more than Rs. 5000 then require to deduct TDS under section 194A

NAGESWARAN (ACCOUNTANT) (834 Points)
Replied 02 March 2019

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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