TDS
This query is : Resolved
14 June 2010
Sir,when Partnership Firm pays Interest to Partner there is no requirement to make TDS on the same.The word "Interest" is not defined is this provision.Interest may be on CAPITAL OR MAY BE ON LOAN provided by Partner to Partnership Firm.So on both Interest firm is not required to make TDS?
15 June 2010
Yes. Section is saying Interest paid to the partner by the firms. so it it will cover all interest whether Capital or Loan
15 June 2010
AGREE WITH RAMESH JI
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