hi,
shall I need to deduct Tds on the interest payable to the partner ( loan taken from partner) ??
If firm paying interest then no TDS to be deducted
but if it's out of firm means individual then my opinion yes
6 Replies
kumar
(student)
(248 Points)
Replied 23 December 2020
We are paying interest to our partner ( partner capacity)
ayusmita
(Tax consultant)
(5885 Points)
Replied 23 December 2020
Sorry but don't understand you
we means in particular what
we means in particular what
kumar
(student)
(248 Points)
Replied 23 December 2020
We are paying interest to our partner from our firm to his account on the loan taken from him
is there any need to deduct Tds on this interest paid ?
is there any need to deduct Tds on this interest paid ?
ayusmita
(Tax consultant)
(5885 Points)
Replied 23 December 2020
If firm paying interest no need to deduct tds
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