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Tds on unsecured loans

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(Querist)
25 June 2014 whether TDS needs to be deducted by companies from interest given/paid for unsecured loans taken from related parties...
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Sandeep Dharar

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Sandeep Dharar (Expert)
25 June 2014 Yes piyush TDS must b deducted on Interest on unsecured loan u/s 194A.
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Rupesh Jain

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Rupesh Jain (Expert)
25 June 2014 yes you have to deduct the tds on interest @ 10% if have PAN other wise @ 20%.
or if they give form 15G/15H then you submit with commission of income tax then you not deduct the TDS on intt.
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