Tds rate

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 March 2012 if one person give unsecured loan in a part in one year Rs400000 so which rate is applicable and ho much amt TDS deduct in a
year?
Please Give me ans.

19 March 2012 TDS would not attract on Unsecured loans payment and receipt but attracts on Interest paid on it under section 194A @10% if pan no of the deductee produced other wise @20% on the interest payment amount.
OM SAI SRI SAI JAI JAI SAI

21 March 2012 Expert has correctly replied your question




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries