Section 194A of Income tax act contains provisions regarding TDS to be deducted on interest payable like interest on fixed deposit, interest on unsecured loan. Interest on securities are not covered under this section but covered under Section 193. Payment on which TDS to be deducted29/07/2020 · hence,TDS Rate on Interest Paid By Others (On Loan) is Changed as follows. Current Rate. New Rate (Temporary) TDS on Interest Paid By Others (On Loan) 10%. 10% 75%= Note - This New Rate is Temporary only if TDS Deducted form 14 May 2020 …24/05/2021 · Updated on: May 24, 2021 - 03:27:39 PM. 10 min read. Section 194A deals with deduction of TDS on interest other than interest on securities like Interest on Fixed Deposits ,Interest on Loans and Advances other than banks. CBDT issued a circular on 25th June 21 …17/07/2019 · Section 194A of the Income Tax Act deals with the provisions relating to deduction of TDS on interest (other than interest on securities). Interest like interest paid on an unsecured loan, interest paid by banks on fixed deposits, interest paid on loans and advances, etc. are covered under the provisions of section ;· #interest on unsecured loan calculation# with tds in# to book interest entry/tallyustadsome video related to 9new company on interest on unsecured loans to partners, Income TaxSection 194A - TDS on Interest other than Interest on SecuritiesRate of TDS of Payment of Interest to Non Resident under Section 195 …Section 194A - TDS on Interest other than Interest on Securities23/04/2011 · Interest on unsecured loan falls u/s 194A. When interest amount is more than Rs 5000/- TDS @10% needs to be deducted on such interest. If PAN not given TDS to be deducted @ 20%. For detail info on TDS see below article---.

Tags: