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TDS on Loans
If an individual has taken Loan from a LLP- Company.....wheather TDS shall be deductable or not??
Replies (2)
No TDS deduction over loan amount.
Check if interest payment liability increases threshold limit of 5,000/- and the individual is liable to tax audit u/s. 44AB in preceding financial year. In that case the TDS liability arises over interest payment.
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