Regarding TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2010
hiii
Our client has taken a loan from pathsanstha, so is it necessary for the pathsanstha to deduct tds from interest...
or if we hv to deduct tds and pay interest to pathsanstha..
Our client has taken a loan from pathsanstha, so is it necessary for the pathsanstha to deduct tds from interest...
or if we hv to deduct tds and pay interest to pathsanstha..
18 August 2010
The latter is correct.YOu have to recover Income tax U/s 194A if the interest amount exceeds RS 5000/- @ 10%
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