I have taken loan of Rs.500000.00 from a non banking financing company now i wanted to know that whether i have to deduct TDS from interest payment made to that company
Rajnikantmehta (Business) (40 Points)
30 April 2008I have taken loan of Rs.500000.00 from a non banking financing company now i wanted to know that whether i have to deduct TDS from interest payment made to that company
pawan
(service)
(93 Points)
Replied 30 April 2008
tell me what concern you are ,what is the amount of interest paymnet .
SUBRAHMANYA SRINIVAS M.V.
(CHARTERED ACCOUNTANT)
(53 Points)
Replied 30 April 2008
If ur convern is an individual and having turnover over 40 lakhs and interst is above Rs. 5000/- then only u have to deduct tds from interest payment
Sanjeev Kumar Sharma
(Salaried)
(225 Points)
Replied 01 May 2008
i also agree with both of my friends
Sanjeev Kumar Sharma
(Salaried)
(225 Points)
Replied 01 May 2008
i also agree with both of my friends
Rajnikantmehta
(Business)
(40 Points)
Replied 03 May 2008
Interest will be approx 5000/- per month and mine partnership firm
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies