what is the rules of tds on unsecured & secured loans.?
By
ravi s
Posted on
05/28/09 Total Answers
2
Answers-
TDS is tax deducted at source.The employer ,while releasing salary or any other agency while releasing any income deducts tax at source.But tax r not deducted at source by providers of a loan.
If I have correctly understood the question,u want to know the TDS while releasing loan.If this is not ur question ,please try again.
Answer by :
damodarbiswal@ymail.com On Date
2009-05-28 02:16:51
There is NO DEDUCTION OF TAX ON LOANS whether it is secured or unsecured unless it is not obtained on pledging of shares.
