Microsoft Excel with AI: Zero to Hero
Certification Course on Practical Filing of Income Tax Returns
Friends, 1. Interest paid to partner for loan taken by partnership firm, is TDS is deductable on such interest?
It will attract TDS. Loan taken from Partner or any body else does not matter.
ya
Interest made to partner attracts TDS
otherwise it is a non compliance of TDS
1. TDS under section 194A does not apply to interest paid to partner in a firm as per section 194A(3)(iv)
Does the section refered by Mr. Srikanth apply to interest on loan? It appears that the said section apply to interest on capital only and to loan
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
PWC
Kolkata
CA
Numbertree LLP
Mumbai
CA Inter
Rajkumar Jain & Co.
Ahmedabad
Graduate (Any)
RAHUL KHANDEBHARAD & ASSOCIATES
Nashik
B.Com
Search Synergy
Malik Sunil & co
New Delhi
CA Foundation
Karan Gupta & Co.
SMJ global advisors pvt ltd
India's largest network for finance professionals
Alternatively, you can log in using: