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Tds on interest on unsecured loan
sir i have taken rs 10000000 unsecured loan in jan 2012 i alerady deduct tds on interest amount on unsecured loan in f.y.-2017-18 . but i have taken some additional few amount unsecured loan in march 2018 ... where i calculate that the interest amount on additional some amount loan does not exceed rs 5000 in f.y. 2017-18...so can i deduct tds on some amount of additional unsecured loan in f.y. 2017-18 ???? plz reply sir
Replies (4)
YES. You have to deduct TDS on additional amount of Interest too....as total interest payable during the FY2017-18 exceeds Rs.5,000/-.
But the additional amount of loan taken shall be from the same person.
sir under sec 194 I if i pay monthly rent of rs 16000 and i deduct tds 10% every month after continuing 3 months suddenly if i leave the office room and in that case what will be the situation on tds which i have deducted for 3 months because in this f.y. rent amount does not exceeds of rs 180000.... plz reply me sir
agree with mehul
In that case file TDS return for the period you have deducted tax.
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