Tds on interest paid on unsecured loan

This query is : Resolved 

01 March 2012 I AM A PROPRIETOR OF ABC FIRM & TURNOVER OF THE FIRM WAS MORE THAN 60.00 LACS & TAX AUDIT FOR LAST 3 YEARS.

I HAVE OBTAINED SOME UNSECURED LOANS IN PERSONAL FILE ON WHICH I REQUIRED TO PAY INTEREST, WHETHER IT REQUIRED TO DEDUCT TDS ON THE SAID INTEREST PAYMENTS.

01 March 2012 No need to deduct if you have shown the loan in the financial account of business

01 March 2012 No need to deduct if you have shown the loan in the financial account of business




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