Interest on Capital to Partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2010
Whether TDS is to be dedcuted on interest credited or paid on capital of Partner(Partner being a Company )by the Partnership Firm.
27 October 2010
Not required as per section 194A(3)(iv)
Message likes :
1 times
28 October 2010
right.. TDS section 194A excludes payment of interest to partners by firm
28 October 2010
Interest to a partners by a firm is treated as business income, for this logic the TDS is not made applicable u/s 194A on this income of a partner.
28 October 2010
Taxindiaconnect going by your logic then when payment is made to NBFCs they are also showing interest income received by them as business income.
So should TDS not be deducted while making payment to them also going by your above logic.
Kindly revert on the same.
So should TDS not be deducted while making payment to them also going by your above logic.
Kindly revert on the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- UDIN ISSUE
- Change Of Karta In Case of Death
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
