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Tds

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(Querist)
01 August 2014 Hiii i start a new buss. fiance i give my clint rs 50000 for rat of int 2 pers pm my clint return money after one months with interest 51000 clint is call we deduct tds on 1000 how in this case pls me suggestion
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CA PRIYUL SHAH

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CA PRIYUL SHAH (Expert)
01 August 2014 If client is auditable entity, then he required to deduct TDS @ 10% on Rs.10000
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Rupesh Jain

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Rupesh Jain (Expert)
01 August 2014 if your intt is over rs. 5000/- then he have to deduct the tds @ 10% u/s 194A
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