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Unsecured loan interest
if a person takes loan from relative like brother,mother or wife what's the rate of interest to be paid to them.and tds provision for this interest. urgent
Replies (3)
Quick Summary
It's a Blood relation with them, If you won't charge interest from them, then also it's okay.
or
if you want to charge interest from them, then it's your own discretion. TDS applicable as per 194A.
or
if you want to charge interest from them, then it's your own discretion. TDS applicable as per 194A.
From relative it's not applicable.
Ok thank u
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