Please leave a suggestion.
1.Mr.A is a partner in M/sXYZ partnership firm.He has given a loan to his firm, which is authorised by a deed. Now my question is, whether the firm is liable to deduct TDS while paying interest on loan to its partner?
2.Is a firm liable to deduct TDS, on interest paid on partners capital?
3.A partner has given his own building on rent to his partnership firm to carry on business. When the partner receives monthly rent from such firm, then under what head will such income be taxed in the hands of the partner?
CAclubindia
