Dear All!!
Is TDS deductible by the company in respect of interest paid on Loan given by the director to the company?
Menu
Tds on interest payments
Replies (2)
Company must deduct TDS on interest.
Interest will not be deductible in the case if it is paid by partnership firm to the partners on there capital or current a/c balance else in all other case TDS deductible @ 10% if it croses Rs 10000 limit
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
