25 December 2015
i am paying an individual person as accounting charges rupees 20000/- p.a. and also taken a loan from him and interest thereon is amounting of rs. 12000/- then what % of TDS i have to deduct.
it will be total including of accounting charges and interest or only on interest part.
25 December 2015
You can deduct tds on interest part as per sec 194A Tds to be on interest if it exceed Rs.5000/ P.a so you have to deduct TDS @10% on Rs.12000/