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TDS rate u/s 194A

TDS / TCS 3455 views 4 replies

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

Replies (4)

Yes.

Is any TDS to be paid on Packing material????P;ease let me know as early as possible...

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%.

 

 

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


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