tds
This query is : Resolved
01 October 2010
is tds mandatory for the interest paid to the partners capital.???
If not WHY? Please give the reason?
If not WHY? Please give the reason?
01 October 2010
No TDS deduction required on interest paid on partners capital. (vide section 194A(3)(iv)of the Income tax Act,1961.)
01 October 2010
Interest on Partners' Capital is specifically excluded from TDS provisions.
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