RESPECTED SIR,
I WANT TO KNOW THAT , I M PAYING RS.15 LAKH AS INTEREST TO INDIA BULLS FINANCIAL SERVICES LTD. ON LOAN AGAINST MORTGAGE OF OUR FACTORY BUILDING.
PLS CONFIRM ME, WHETHER I WILL DEDUCT TDS ON ABOVE INTEREST.
PLS REPLY ME SOON
THANKS & REGARDS
TRILOCHAN
Hi Mr. Trilochan,
TDS is to be made u/s194A in case of individual/HUF if gross receipts or turnover from business/profession exceeds 40L/10L.
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