03 March 2009
sir my question is Mr.X is a director to ABC co. and he gives loan to company for interest and that interest comes to RS.15000 every month. Whehter TDS to be deducted on interest on loan given by director to company.whether TDS to be deucted on Event mangement. if yes what is the rate of TDS.
03 March 2009
Yes, TDS is deductible on interest on loan. What is the nature of payment for event management. Probably this should be covered in 194C with a rate of 2% plus education cess
CAclubindia
