DEAR HELPDESK,
BEING AN INDIVIDUAL A PERSON HAD INVESTED RS.70,000/- (UNSECURED LOAN) IN A PROPRIETORY FIRM, MY QUESTION IS THAT SHOULD I AM LIABLE FOR THE TDS ON THE INTEREST ? ALSO WHAT AMOUNT TDS IS LIABLE ? WHEN & HOW IS TO BE CLAIM TDS?
PLEASE REVERT AS SOON AS POSSIBLE.
LOVENDEEP SHARMA
Liability to deduct tds u/s. 194A for an individual/HUF arises only if s/he was liable to audit u/s. 44AB in preceeding financial year.
R P S K & Associates
Nashik
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Triveni Turbine Limited
Bengaluru
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CAclubindia
