Tds on loan from others

399 views 2 replies
User Avatar

article
103 Points Joined December 2013
sir one of my client borrowed a loan from others. while paying interest wheather tds is to be deducted or not?plz reply
0 Reply Share Follow
On 02 September 2014 at 22:40 Report
Replies (2)
User Avatar

CHARTERED ACCOUNTANT
1190 Points Joined October 2012
If interest amt exceeds rs 5000 then he is liable to deduct tds under 194a. Please make sure if ur client is individual or huf then he is liable only if he is liable for tax audit u/s 44ab.
Reply
On 03 September 2014 at 01:02
User Avatar

article
103 Points Joined December 2013
Thanku sir very much for your advice.
Reply
On 07 September 2014 at 13:26


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading