Tds on interest on capital to non - resident partner

Jishnu Surendran (Finance Manager) (312 Points)

14 October 2015  

A partner stays outside of India to promote export operations of his business in India making him a Non - resident as per exact definition of the same by the Act. Is there anyway by which he can get relaxation of Section 194A if the firm pays him interest on capital as the same is included for the purposes of TDS.