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Tds on loan from others
sir one of my client borrowed a loan from others. while paying interest wheather tds is to be deducted or not?plz reply
Replies (2)
If interest amt exceeds rs 5000 then he is liable to deduct tds under 194a.
Please make sure if ur client is individual or huf then he is liable only if he is liable for tax audit u/s 44ab.
Thanku sir very much for your advice.
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