Dear All!!
Is TDS deductible by the company in respect of interest paid on Loan given by the director to the company?
2 Replies
Anil Kumar Gattani
(Article)
(61 Points)
Replied 24 December 2012
Interest will not be deductible in the case if it is paid by partnership firm to the partners on there capital or current a/c balance else in all other case TDS deductible @ 10% if it croses Rs 10000 limit
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