tds on interest

CA Mohd Gouse (Chartered Accountant) (497 Points)

08 February 2008  

dear freinds,

    i have question to ask you.there is a one company where they have raised long term loan of about 90 lacs state bank of patiala & they pay interest of about rs.11 lacs on it.i think we need to deduct tds on it or don't we have to????need u reply.urgent.

thank you.