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Tds on interest

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i want to know if tds has to be deducted on interest received on loans taken from related parties

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7 Replies

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

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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

mbbschina (no) (21 Points)
Replied 01 May 2012

mbbs china
	can you tell me about tin registation .

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 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

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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