Poonawalla fincorps
Poonawalla fincorps

DISALLOWANCE

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2010 WHETHER INTEREST PAID ON UNSECURED LOAN FROM BANKS IF TDS IS NOT DEUCTED ON THEM IS DISALLOWED?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 September 2010 Interest paid to bank need not be subjected to income tax deduction as per section 194A(3)((iii)(a)of the Income tax Act,1961 meaning thereby that such interest will not be disallowed for the purpose of tax computation.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
25 September 2010 INTEREST PAID ON UNSECURED LOAN excess 5000 TDS applicable.
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