Tds on interest paid on partners capital.
This query is : Resolved
23 August 2016
why TDS on interest paid on partners capital by a firm to the partners is not deducted?
23 August 2016
Dear Vinay,
As per section 194A(3)(IV) provision of section 194A(1) is not applicable where such income credited or paid by a firm to a partner .
So accordingly TDS is not applicable and no TDS should be deducted.
Hope your query has been solved
Kindly like if my response has helped you.
As per section 194A(3)(IV) provision of section 194A(1) is not applicable where such income credited or paid by a firm to a partner .
So accordingly TDS is not applicable and no TDS should be deducted.
Hope your query has been solved
Kindly like if my response has helped you.
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