PAVAN MAROO (PCC STUDENT) (70 Points)
14 August 2009A person has two proprietorship concerns and has two tan numbers in the name of the proprietorship business.
Now my question is if he pays interest(other than interest on securities) which is not related to his business, to any individual, is he liable to deduct tds.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 14 August 2009
If interest paid is claimed from other sources no TDS liable as not related to business
Satish
(CA Final Student)
(479 Points)
Replied 14 August 2009
If the interest is not claimed as expenditure in any of the firm, it is not liable for TDS
CAclubindia
