Tds on lending without interest
Manoranjan Das (Sr.Executive-Accounts) (86 Points)
06 December 2016
payment made/ received through saving account to friends without interest come under TDS
4 Replies
KAPIL JAIN
(Job full time as well as part time)
(232 Points)
Replied 06 December 2016
No tds in case of zero interest.
CA Ashish Barthwal
(Practising Chartered Accountant)
(104 Points)
Replied 07 December 2016
kapil is right, but that loan should not be in cash
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