Tds on unsecured loan interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2012
I am Proprietor of ABC firm the turnover of the said firm was more than 60.00 Lacs & under 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 inteerst payments.
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 inteerst payments.
Guest
Guest
(Expert)
27 February 2012
Tax is required to deducted if interest paid will exceed the prescribed limit.
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