TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2011
I AM AN INDIVIDUAL AND ALSO MAINTAINING A PROPRIETORSHIP CONCERN IN WHICH I TAKEN A LOAN FROM A INDIVIDUAL PERSON ON WHICH INTEREST IS ON 31-03-2011 3500/- AND I ALSO TAKEN A LOAN FROM THAT PERSON IN MY INDIVIDUAL BALANCE SHEET ON WHICH INTEREST IS ON 31-03-2011 2600/-.
IN THIS CASE TDS WILL BE APPLICABLE OR NOT.
PLEASE TELL ME.
THANKING YOU
YOURS TRULY
IN THIS CASE TDS WILL BE APPLICABLE OR NOT.
PLEASE TELL ME.
THANKING YOU
YOURS TRULY
10 May 2011
TDS will not apply...it TAX audit does not applies to you.
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