TDS applicability on Interest on Capital to Partners.
This query is : Open
02 July 2025
Sir,
After the inorporation of new section 194T of income tax act 1961, I want to clarify TDS applicability in respect of the following transactions.
1. Interest on Capital Rs. 1,50,000 paid to Mr. A (Resident partner)
2. Interest on Capital of Rs. 2,25,000 paid to Mr. B (Non Resident Partner)
3. Interest on Loan of Rs. 3,05,000 paid to Mr. C (Resident Partner)
Here, which TDS sections was applicable. Need clarification whether 194T, 195 or 194A?
After the inorporation of new section 194T of income tax act 1961, I want to clarify TDS applicability in respect of the following transactions.
1. Interest on Capital Rs. 1,50,000 paid to Mr. A (Resident partner)
2. Interest on Capital of Rs. 2,25,000 paid to Mr. B (Non Resident Partner)
3. Interest on Loan of Rs. 3,05,000 paid to Mr. C (Resident Partner)
Here, which TDS sections was applicable. Need clarification whether 194T, 195 or 194A?
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