Sir,
If Domestic Private Limited company has taken Loan from Individual,
and at the time of Crediting Interest on Loan At what rate TDS to be
deducted on Interest Amount u/s 194A of the Inome Tax Act.
Please confirm
Thanks
Manoj Asher
Manoj Asher (Service) (99 Points)
05 November 2008Sir,
If Domestic Private Limited company has taken Loan from Individual,
and at the time of Crediting Interest on Loan At what rate TDS to be
deducted on Interest Amount u/s 194A of the Inome Tax Act.
Please confirm
Thanks
Manoj Asher
Ankush Juneja
(Trainee)
(73 Points)
Replied 05 November 2008
Is any TDS to be paid on Packing material????P;ease let me know as early as possible...
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 11 November 2008
TDS on interest is exempted upto Rs. 5000. If interest amount exceeds Rs. 5000 than rate is 11.33% in case of individual if surcharge is applicable and if not then it is 10.30%.
nishan
(article)
(26 Points)
Replied 11 March 2011
Sir,
If individual has taken Loan from Domestic Private Limited company,
and at the time of Crediting Interest on Loan will TDS be
deducted on Interest Amount u/s 194A of the Inome Tax Act. and if yes than with what rate
Please confirm
Thanks
Nishan