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tds

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(Querist)
01 October 2010 is tds mandatory for the interest paid to the partners capital.???
If not WHY? Please give the reason?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 October 2010 No TDS deduction required on interest paid on partners capital. (vide section 194A(3)(iv)of the Income tax Act,1961.)
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CA Punit

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CA Punit (Expert)
01 October 2010 Interest on Partners' Capital is specifically excluded from TDS provisions.
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