whether a partnership firm falling u/s 44AB is required to deduct TDS u/s 194A on:
1.payment of interest on partners capital;
2payment of interest on loan taken from partner.
As per sec-194A(3)(iv), interest income credited or paid by partnership firm to the partner(s) of the firm is not subject to TDS even if the firm is under the Tax Audit provisions u/s-44AB.
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