Tds on unsecured loan
This query is : Resolved
06 November 2011
Please guide me, what is the threshold limit for TDs on interst on unsecured loan and what is the tax deduction rate ?
06 November 2011
Threshold limit is Rs 10000 in case the payer is Banking company or Co-operative society engaged in the business of banking or post office on deposits..
In any other case limit is Rs.5000
The rate applicable is 10%in case the recepient is Individual or HUF , in any other case it is 20%
In any other case limit is Rs.5000
The rate applicable is 10%in case the recepient is Individual or HUF , in any other case it is 20%
06 November 2011
thanks sir
06 November 2011
Interest other than interest on securities TDS rate 10% either HUF or indvidual or company.it pan not avalable then 20% applicable.
06 November 2011
Tnaks very much sir
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