Poonawalla fincorps
Poonawalla fincorps

Unsecure loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2014 Sir,
our properietorship company has taken unsecure loan from various party's is it

i have to make payment of TDS on Intrest on Loan what will be the percentage as per account law.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 TDS will have to be deducted @ 10% on the amount of loan u/s 194.

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