TDS on Interest paid to Partners on their loan A/c.
This query is : Resolved
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?
27 July 2010
No as Section 194A is not applicable if interest is credited to the partner of a firm..
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.
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
https://www.caclubindia.com/experts/tds-on-interest-paid-to-partners-on-their-loan-a-c--443515.asp
10 August 2010
Tax not to be deducted on interest paid by firm to partners, whether on loan or capital.
10 March 2019
No need to deduct tax per section 194A(3)(iv).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
