Tds on interest on unsecured loan
Rajkiran Ghosh (480 Points)
03 June 2018Rajkiran Ghosh (480 Points)
03 June 2018
Mehul Bhanushali
(CA in Practice)
(174 Points)
Replied 03 June 2018
YES. You have to deduct TDS on additional amount of Interest too....as total interest payable during the FY2017-18 exceeds Rs.5,000/-.
But the additional amount of loan taken shall be from the same person.
Rajkiran Ghosh
(480 Points)
Replied 03 June 2018
Mehul Bhanushali
(CA in Practice)
(174 Points)
Replied 04 June 2018