TDS on Interest

vijaya kumar n (JOB) (488 Points)

27 November 2010  

Hi Good Afternoon to All,

We took loan from Bank (secured Loan)  and also Individual (Unsecured Loan)  for that loan amt  we paying interest every month, the interest amt exceeding the Limit  amt (Rs.10,000). My question is We have to deduct the or not ?????

Awaiting for your kind repliess...