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Tds on interest paid

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21 Points Posted on 09 April 2020
I am prorietor of my business and I have taken some loan from my friend on interest.what is limit to deduct TDs on interest paid to my friend.
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On 09 April 2020 at 14:22 Report
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25 Points Posted on 09 April 2020
If the interest paid is more than 5000 you are required to deduct TDS @ 10%
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On 09 April 2020 at 15:46
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12244 Points Posted on 09 April 2020
The threshold limit for tds on interest is 5000. however, since you are a individual, the liability to deduct TDS arises only if the total turnover or sales of the immediately preceding previous year exceeds 1 crore
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On 09 April 2020 at 16:07
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21 Points Posted on 31 March 2021
What is last date to file revise income tax return for f.y.19-20
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On 31 March 2021 at 09:41
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12244 Points Posted on 31 March 2021
Last date to file revise return for a.y.2020-21 is 31st March 2021
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On 31 March 2021 at 10:36


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