Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2018
a person '' Ä'' (TDS provisions applicable) having an opening Credit balance as on 1st April 6.00 Lakh as unsecured loan from "B"
on 1st June " Ä" makes a payment of 7.00 lakh to 'B'
Assumes 1.00 Lakh as Loan given to "B'
What does the TDS provision say
TDS Liability arises or not ?
on 1st June " Ä" makes a payment of 7.00 lakh to 'B'
Assumes 1.00 Lakh as Loan given to "B'
What does the TDS provision say
TDS Liability arises or not ?
31 July 2018
TDS provisions not applicable on loans received and paid.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2018
Will the extra payment of 1 lakh after squaring up of initial loan amount not to be taken as consisting of interest due till date ?
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