Reg TDS on Interest payment to Partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
In a partnership firm, if interest on capital paid to partners then TDS on such interest payment will be deducted or not
Pls tell
Pls tell
15 September 2010
TDS deduction not required u/s 194A.
15 September 2010
No need to deduct income tax in view of section 194A(3)(iv) of the Income tax Act,1961.
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