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Tds deduction in case of individual

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2013 SIR

SUPPOSE I TOOK A UNSECURED LOAN FROM MR XYZ WHO IS A INDIVIDUAL FOR 4 MONTH @ 12 % INTEREST P.A , NOW I AM CONFUSED AT THE TIME OF REPAYMENT SHOULD I NEED TO DEDUCT TDS ON INTEREST OR NOT , BECAUSE I AM ALOS AN INDIVIDUAL .

PLEASE HELP ME OUT.

THANKS & RGDS

MUKESH KUMAR
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 October 2013 Sec.194A will not apply if the payer is individual not covered under sec.44AB

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