Tds on interest paid to partners of llp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2014
Is tax required to be deducted on interest paid to the partners of limited liability partnership? Please do reply as early as possible. Thank you.
22 April 2014
Hi there ,
Partners remuneration and interest are deducted in the hands of LLP and included in the partners individual assessment ... as the partners are individually taxed , the LLP need not require to deduct TDS on interest
Partners remuneration and interest are deducted in the hands of LLP and included in the partners individual assessment ... as the partners are individually taxed , the LLP need not require to deduct TDS on interest
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