TDS
This query is : Resolved
08 December 2019
I have take a loan from a friend Rs. 15,00,000 @ 12 p.a. now while paying interest do i have to deduct T.D.S and pay interest. Also what is the procedure i need to follow as per law from any form filling or depositing with government etc.
Please explain the whole process from scratch.
Please explain the whole process from scratch.
08 December 2019
Require to deduct TDS under section 194A at the rate in force..... an individual not covered under this section unless the individual covered under tax audit provision for respective assessment year.
04 January 2020
i have take loan on my individual name for personal use and i have to do no audit also. so i should pay 12% interest directly to my friend without deducting TDS?
26 May 2020
No need to deduct any TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
