Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2015 i am paying an individual person as accounting charges rupees 20000/- p.a. and also taken a loan from him and interest thereon is amounting of rs. 12000/- then what % of TDS i have to deduct.

it will be total including of accounting charges and interest or only on interest part.

please tell me in detail.

Thanking you

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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25 December 2015 You can deduct tds on interest part as per sec 194A Tds to be on interest if it exceed Rs.5000/ P.a so you have to deduct TDS @10% on Rs.12000/