i want to know if tds has to be deducted on interest received on loans taken from related parties
i want to know if tds has to be deducted on interest received on loans taken from related parties
DIBYENDU
(SERVICE)
(266 Points)
Replied 01 May 2012
Yes. If the total amount of Interest exceed Rs.5000.00, then u must deduct @ 10% on Interest payble and/or paid u/s 194A
Nitesh Nahar
(Article Assistant)
(27 Points)
Replied 01 May 2012
is there a tds liability to llp if interest is payable on loan given by designated partner
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 01 May 2012
| Originally posted by : DIBYENDU | ||
 |
Yes. If the total amount of Interest exceed Rs.5000.00, then u must deduct @ 10% on Interest payble and/or paid u/s 194A |
 |
DIBYENDU
(SERVICE)
(266 Points)
Replied 01 May 2012
NO. TDS WILL BE DEDUCTED U/S 194A(3)(iv) of the Income Tax Act1961
BARSHA JALAN
(b)
(21 Points)
Replied 05 May 2012
Is TDS deducted on Interest paid on capital to partners
Sachin
(Chartered Accountant)
(419 Points)
Replied 05 May 2012
TDS will not be deducted u/s 194A(3)(iv). if there is any further clariifcation required. you can email to me. my email id sachinagarwalcallb @ gmail.com
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