Treatment of unsecured loan
This query is : Resolved
28 September 2017
Firm is in the name of wife and husband has taken demand loan from bank and same has invested in the firm of wife as unsecured loan and firm is paying interest of demand loan directly to bank whether TDS is to be deducted on payment of bank interest by firm as loan is shown as unsecured loan
29 September 2017
interest is in fact paid to husband...... the mode of payment of interest is to directly pay in the bank....
Be aware that the interest is paid to husband and not bank.......although the MODE of payment is to deposit money directly in the bank.....So? TDS is applicable
Be aware that the interest is paid to husband and not bank.......although the MODE of payment is to deposit money directly in the bank.....So? TDS is applicable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
