Menu
TDS RATE ON UNSECURED LOAN INT
I AM ONE OF THE DIRECTOR IN DOMESTIC COMPANY.I HAVE GIVEN UNSECURED LOAN TO THE ABOVE COMPANY ABOUT Rs.2000000/ FOR THAT THE COMPANY HAVE PAID INTEREST TO ME EVERY MONTH.TDS TO BE DEDUCTED IN THAT AMOUNT OR NOT.THEN THRESHOLD LIMIT IS HOW AND WHICH RATE OF RATE OF TDS DEDUCTED.
Replies (1)
In your case TDS must be deducted us 194A by company at the time of payment/credit of interest. The amount of TDS will be 10% of the Interest amount.
The threshold limit for tds deduction under this section is RS. 5000 in a year.
The threshold limit for tds deduction under this section is RS. 5000 in a year.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
