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TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2011 I AM AN INDIVIDUAL AND ALSO MAINTAINING A PROPRIETORSHIP CONCERN IN WHICH I TAKEN A LOAN FROM A INDIVIDUAL PERSON ON WHICH INTEREST IS ON 31-03-2011 3500/- AND I ALSO TAKEN A LOAN FROM THAT PERSON IN MY INDIVIDUAL BALANCE SHEET ON WHICH INTEREST IS ON 31-03-2011 2600/-.

IN THIS CASE TDS WILL BE APPLICABLE OR NOT.

PLEASE TELL ME.

THANKING YOU

YOURS TRULY
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
10 May 2011 TDS will not apply...it TAX audit does not applies to you.

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