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TDS on Interest paid to Partners on their loan A/c.

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(Querist)
27 July 2010 Is is necessary to deduct the TDS on the interest paid/provided on the loan from partners in the Partnership Firm u/s 194A?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 July 2010 No as Section 194A is not applicable if interest is credited to the partner of a firm..
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 July 2010 Beg to disagree with Aditya Ji TDS is required to be deducted if interest is paid on loan to a partner as mentioned by Ranjan Ji. If interest is paid on partners capital then TDS is not required to be deducted.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 July 2010 similar query by the same person
https://www.caclubindia.com/experts/tds-on-interest-paid-to-partners-on-their-loan-a-c--443515.asp
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CA Punit

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CA Punit (Expert)
10 August 2010 Tax not to be deducted on interest paid by firm to partners, whether on loan or capital.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2019 No need to deduct tax per section 194A(3)(iv).

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